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Fonterra's milk collection in New Zealand for the seven months to December 31 reached 972 million kgMS, 4% higher than the same period last year, the cooperative says.
However the rate of growth has continued to slow, mainly driven by reduced South Island production growth, Fonterra says in its latest Global Dairy Update.
North Island collection in December was 4% higher than December last season. Some rain in dairy regions in the North Island supported grass growth and increased production.
South Island collection in December was 1% higher than the same month the previous season.
"Growing conditions have improved in Southland after a cold start to the season. However, dry conditions are impacting pasture growth across the east coast of the South Island and farmers will be watching this closely as irrigation restrictions may be put in place," the update says.
Fonterra's milk collection in Australia for the six months to December 31 reached 71 million kgMS, 6% higher than the same period last season. However in December it was 3% lower than December in the last season. Dry conditions are impacting pasture growth across most of south east Australia.
OPINION: There is zero chance that someone who joined Fonterra as a lobbyist, then served as a general manager of Fonterra's nutrient management programme, and sat on the board of Export NZ, a division of lobbyist group Business New Zealand, doesn't understand that local butter (and milk and cheese) prices are set by the international commodity price.
Kiwis love their butter, and that's great because New Zealand produces some of the best butter in the world. But when the price of butter goes up, it's tough for some, particularly when many other grocery staples have also gone up and the heat goes on co-operative Fonterra, the country's main butter maker. Here the co-op explains why butter prices are so high right now.
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Kiwis love their butter, and that's great because New Zealand produces some of the best butter in the world. But when the price of butter goes up, it's tough for some, particularly when many other grocery staples have also gone up and the heat goes on co-operative Fonterra, the country's main butter maker. Here the co-op explains why butter prices are so high right now.
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OPINION: There is zero chance that someone who joined Fonterra as a lobbyist, then served as a general manager of…
