Nov 16 (Reuters) - Fonterra Co-Operative Group Ltd FCG.NZ :
* Fonterra's New Zealand milk collection 2016 first quarter decreased 4% in
October
* Says Australia's milk collection increased 1% in October for FY16 Q1
* "Dairy exports remain strong for Australia and our co-op Europe but the United States is down, largely due to increased domestic demand"
* "Momentum accelerated with the farmgate milk price at $4.60 is expected to
continue"
* All figures in NZ$
* Source text for Eikon ID:nNZWcfJFBc