Fonterra is revisiting milk

Fonterra Co-operative Group Limited has revised the New Zealand milk production forecast for 2021/2022. up to 1500 mln kg in dry speech https://dairymarkets.org/pubPod/pubs/P2.pdf (kgMS) matched with cob forecast at 1525 mln kgMS.

Miles Harrell, General DIRECTOR of Fonterra, said that the change in the weather and the folded mind growing in the rich parts of the country on the cob of the season led to a decrease in the actual collection of milk, lower than the past fate.

“We cleared up the brainwashing of the new-age-news period, scarlet was gone,” Harrell said. “The results have revised our forecast for 2021/22 by 1.6% to 1500 mln kgMS.”

Herell, having shown that through a reduction in the supply of milk at this stage, it is not necessary to change the terms of production, as the cooperative will promote it to sale at the GLOBAL DAIRY TRADE (GDT) auction.

“Through the high bid on the GDT sale, we have already shortened our commitments, as we were bidding for sale on the GDT auction on the cob of the season. ​

“We will continue to follow the situation and carefully handle our sales both at the GDT auction and after them.” ​

ІNFAGRO for materials dairyreporter.com