📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

BRIEF-Fonterra forecasts milk collection in New Zealand for 2016/17 season down 3%

Published 17/06/2016, 08:39 am
BRIEF-Fonterra forecasts milk collection in New Zealand for 2016/17 season down 3%

June 17 (Reuters) - Fonterra Co-Operative Group Ltd FCG.NZ :

* Forecast Fonterra milk collection in New Zealand for the 2016/17 season down 3%

* Season to date, Fonterra New Zealand milk collection decreased 3%

* "Dairy exports remain strong for New Zealand, Australia and Europe but the United States is down largely due to increased domestic demand"

* "China, Asia and Latin America continue to see strong growth in dairy imports, while the Middle East and Africa imports have softened"

* Total New Zealand milk production decreased 3% in April compared to the same month last year

* Australia production in April decreased 3%

* Australia production for the 12 months to April decreased 1% compared to the same period the previous year

* Total New Zealand dairy exports in April increased 13% compared to the same month last year

* Australia production has been impacted by dry conditions across many dairying Regions, especially Victoria, and the low milk price environment

* Fonterra's milk collection across New Zealand in may was 6% higher than may last season

* Australia milk collection in May reached 7.7 million kgms, 18% lower than May last season

* In New Zealand for the full 2015/16 season, milk collection reached 1.57 billion kgms, 3% behind the 2014/15 season

* Source text for Eikon ID:nNZW3Vj3c5

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.