Global Dairy Update

 

GLOBAL DAIRY UPDATE

The Global Dairy Update keeps our farmer shareholders, investors and stakeholders informed about the Co-operative. It provides a review of key business developments and information on Fonterra's activities around the world.

You can sign up to the investor relations distribution list and receive market announcements and the Global Dairy Update when they are available.

March 2018 - In this edition

 

Our Markets

  • Demand for dairy remains strong in China. Latin America and Asia imports decline for the month.
  • Growth in dairy exports from New Zealand in January. Steady growth from the EU and the US.
  • Increased production from the EU in January. New Zealand production down for the month.
  • In February, Fonterra New Zealand milk collection was down 4% to 135 million kgMS, and Fonterra Australia collection was up 30% to 11 million kgMS compared to February last year.

 

Our Performance

  • Fonterra has recently announced its FY18 interim results:
    • Forecast cash pay-out range for the 2017/18 season increased to $6.80-$6.90.
    • A strong Ingredients performance, generating normalised EBIT of $558 million, up 9%.
    • Operating performance impacted by Danone arbitration decision and Beingmate impairment.
  • Science meets art as Fonterra takes home top cheese honours. 

 

Our Co-op

  • Advanced technology investment set to deliver 70% reduction in water use at Darfield.
  • Fonterra launches cutting edge virtual reality technology, taking health and safety into a future state.

            

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