Fonterra's July milk output in NZ up 5%

Dairy group Fonterra says milk production in July climbed 4.8 per cent year-on-year in New Zealand, helped by good conditions at the start of the season.

New Zealand milk collection rose 2.2 per cent from a year ago in July, the second month of the 2019/20 season.

However, Australian milk production declined 9.9 per cent in June on the back of reduced herd sizes and strained farmer finances, the world's biggest dairy exporter said on Wednesday.

In May, the firm said it would shut a plant in Australia as reduced supplemental feeding, increased cow cull rates and a high number of farmers leaving the industry has dented its output in the country.

Total New Zealand dairy exports fell 0.2 per cent in June, hurt mainly by declines in butter and anhydrous milk fat - pure milk fat produced only from fresh cream.

Australia dairy exports increased by 10.3 per cent in June, driven by fluid milk products.

Austrlaian Associated PressBack to Breaking News

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