Dramatic 6% drop for Fonterra December milk supply

The New Zealand dairy giant suffered a drop in milk supply in December as weather issues affected milk production.

16 January 2018

Dramatic 6% drop for Fonterra December milk supply

Drought in New Zealand led to a dramatic drop in the December milk supply.

Fonterra’s milk supply suffered a 6% drop in December, due to drought impacting milk production in New Zealand.

The extended period of dry weather, which lasted for two months, meant that the dairy leader was forced to lower it’s forecast milk collection for the 2017/2018 season to 1,480 kgMS.

Recently, New Zealand experienced a subtropical storm that brought almost four inches of rain in a 48 hour period, signalling an end to the country’s drought.

The conclusion of the drought is expected to have an impact on global dairy prices and could have implications for the Irish dairy industry as New Zealand’s milk supply surges, and supply levels jump after a dramatic drop-off.

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