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

Fonterra R&D: Innovation needs more than just PhDs

Common sense and good human judgement are still a key requirement for the super highly qualified staff working at one of New Zealand's largest and most important research facilities - Fonterra's R&D Centre at Palmerston North.

Misguided campaign

OPINION: Last week, Greenpeace lit up Fonterra's Auckland headquarters with 'messages from the common people' - that the sector is polluting the environment.

Featured

Horticulture exports hit $8.4B, surge toward $10B by 2029

A brilliant result and great news for growers and regional economies. That's how horticulture sector leaders are describing the news that sector exports for the year ended June 30 will reach $8.4 billion - an increase of 19% on last year and is forecast to hit close to $10 billion in 2029.

National

Machinery & Products

Farming smarter with technology

The National Fieldays is an annual fixture in the farming calendar: it draws in thousands of farmers, contractors, and industry…

» Latest Print Issues Online

Milking It

110,000 visitors!

OPINION: It's official, Fieldays 2025 clocked 110,000 visitors over the four days.

Sticky situation

OPINION: The Federated Farmers rural advocacy hub at Fieldays has been touted as a great success.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter