Tuesday, 11 January 2022 11:49

Fonterra revises milk collection forecast

Written by Staff Reporters

font size decrease font size increase font size
Print
Email

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's Whareroa Wins Directors Award

Fonterra's Whareroa site took home the prestigious Directors Award at the co-op's 'Oscars of Manufacturing', while Clandeboye led the way with multiple wins at this year's Best Site Cup.

Dairy Holdings CEO Colin Glass Retires After 25 Years of Growth

After 25 years it is the right time to step away, says Colin Glass, the retiring chief executive of New Zealand's largest private corporate dairying company, Dairy Holdings.

Fonterra Expands China Foodservice Business with New Anchor Essence Cream

Fonterra is strengthening its foodservice presence in China with the launch of a new cream for professional bakeries at Bakery China 2026 in Shanghai.

Smith V Fonterra

OPINION: To a chorus of crying greenies, and not a minute too soon, the Government has moved to put the courts back in their place through proposed amendments to the Climate Change Response Act 2002, intending to limit climate litigation claims such as Smith v Fonterra, in the interests of providing greater certainty for vital industry.

Fonterra Opens 2026/27 Milk Price Forecast At $9.75kgMS

For the third season in a row, Fonterra farmers are in for a farmgate milk price near $10/kgMS.

Featured

Waikato Waters Begins Operations Across Waikato Region

Today marks the first day of operations for Waikato Waters, a new council-controlled organisation established by six district councils to deliver water and wastewater services for their communities.

MPI Opens $3m Greenhouse Gas Research Funding Round

The Ministry for Primary Industries (MPI) has announced has opened applications for the 2026/27 funding round of the Greenhouse Gas Inventory Research (GHGIR) fund.

Vegetable Industry To Showcase Highlights New Zealand's Growing Future at Parliament

New Zealand’s vegetable sector will take centre stage at Parliament today, celebrating a vital industry and sharing a clear, future focused vision for how it can continue to thrive.