Fonterra collected 174.2mkg of milksolids in September, +4.9% YOY.
Fonterra NZ Milk Growth Slows In September

Fonterra collected 174.2mkg of milksolids in September, +4.9% YOY. It brings season-to-date collection 6.1% above the prior season comparable, according to the October Global Update.

The increase reflected improved weather and soil conditions, however a wetter start to spring is affecting some regions. Season-to-date collections are 307.2mkg at the end of September, +6.1% compared to the prior season comparative.

North Island intake was up 4.8% YOY in September, reflecting favourable weather conditions and strong pasture growth. Season-to-date collections are 6.7% ahead of the prior season comparable. South Island weather conditions were also described as favourable, contributing to a 5% increase in milk intake for September. Fonterra noted some areas have surplus soil moisture, while unfavouarble conditions impacted production in the lower South Island.

Fonterra NZ Milk Growth Slows In September

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