New export record for Fonterra

08 Jan, 2016 11:45 AM
Comments
0
 
Blue skies: Fonterra announced it exported a whopping 300,000 tonnes of product to its global markets last month.
Blue skies: Fonterra announced it exported a whopping 300,000 tonnes of product to its global markets last month.

FONTERRA has announced it hit a new monthly export record after it shifted 300,000 tonnes to its global customers in December.

December’s volume was approximately 10 per cent higher than Fonterra’s previous record month in December 2014.

Fonterra Managing Director for Global Ingredients Kelvin Wickham said the new record reflected the ongoing successful performance of Fonterra’s direct-to-customer ingredients, consumer and foodservice sales.

“We have seen unprecedented global volatility due to geopolitical events over the past year. The dairy market has been a tough environment globally, so we are pleased to achieve record export volumes despite the challenges,” Mr Wickham said.

He said the new benchmark would be difficult to surpass as reduced milk volumes began to impact on the Co-operative’s production levels.

Fonterra is forecasting a year-on-year reduction of milk volumes by at least 6 per cent this season as farmers responded to the low milk price environment and dry conditions impacted parts of New Zealand.

TheLand

POST A COMMENT


Screen name *
Email address *
Remember me?
Comment *
 

COMMENTS

light grey arrow
Under the wheat single desk we had one of best hedging facilities in the business- we growers
light grey arrow
Now imidacloprid is off patent, funny how it goes from safe to use to the devil incarnate.
light grey arrow
Strange that the data from the EPA latest research on neonics does not support these claims.