Fonterra Australia’s August milk drops

by | Nov 2, 2022 | Australia, Volume trends

The latest Global Update from Fonterra shows milk intake fell 4.7% YOY in September reaching 10.0m kgMS. Season-to date collections were 2.6% behind the prior season, at 22.1m kgMS. The season outlook remains balanced with a third La Niña event underway, and major water storages at or over capacity and spilling, bringing major risks to production.