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.

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March 2017 - In this edition

Our Markets

  • European milk production decreased for the seventh consecutive month, while the US remains strong. The rate of decline in New Zealand production is easing.
  • US exports continue to grow with a seventh consecutive month of positive growth. EU exports declined for the first time in over two years.
  • Steady growth continues in Asia and Latin America while China imports continue to soften.
  • While still down on last year collections improved in February with better growing conditions.

 

Our Performance

  • Maximising value from late season volume growth.
  • Fonterra confirmed its forecast Farmgate Milk Price under the quarterly DIRA update at $6.00/kgMS.
  • Forecast season collections were updated to 1,515m kgMS, a 3% decline on last season.
  • Fonterra will provide an update on its performance as part of the Interim Results announcement on 22 March.

 

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