Tuesday, 11 January 2022 11:49

Fonterra revises milk collection forecast

Written by  Staff Reporters
Fonterra has revised its forecast milk collection for the 2021/22 season. Fonterra has revised its forecast milk collection for the 2021/22 season.

Fonterra has revised the forecast for its 2021/22 New Zealand milk collections to 1,500 million kgMS, down from its opening forecast of 1,523 million kgMS.

Fonterra chief executive Miles Hurrell says varied weather and challenging growing conditions across many parts of the country earlier in the season saw actual milk collections down on the same period last year.

“We were expecting conditions to improve over the Christmas-New Year period, but this has not evaluated.

“As a result, we have revised our 2021/22 forecast down 1.6% to 1,500 million kgMS.”

In response to the lower milk supply, Hurrell says at this stage no change is needed to the volume of product the co-op is offering on the Global Dairy Trade (GDT) platform.

“Due to the high demand for off-GDT sales, we had already reduced the volume we were offering on the GDT platform earlier in the season,” Hurrell says.

He says the co-op will continue to monitor the situation and carefully manage its sales both on and off-GDT.

More like this

All for show?

OPINION: The Hound notes that Fonterra is cashing in on the curent government's largesse with taxpayer money.

JV paying off

Kotahi, founded by Fonterra and Silver Fern Farms, works with exporters and shipping containers to ensure an efficient supply chain.

National

Ruralco's got your back

Rural trader Ruralco has launched a new campaign, recognising and appreciating the farming sector.

Optimising returns

Last month, in response to some pretty scary price rises, I wrote about the need to control costs. 

Machinery & Products

Amazone's one-pass operation

Ag machinery maker Amazone has paired up its Precea precision air seeder and Combi-Disc 3000 compact disc harrow to deliver…

New grassland products

Grassland specialist Pöttinger has released a new portfolio of products and innovations for the new mowing season.

» The RNG Weather Report

» Latest Print Issues Online

Milking It

Oat juice, not milk

OPINION: New Zealand's best loved brand Whittakers has launched its first 'plant-based' chocolate but it hasn't left a sweet taste…

Heat wave

OPINION: The heat wave that hit Europe last week has forced a rethink among UK dairy farmers who normally graze…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter