New Zealand heavyweight dairy producer Fonterra Shareholders Fund (ASX:FSF) released a global update for June showing a significant monthly production decline in Australia.
New Zealand finished season up on weak prior season.
They have seen steady growth in the EU but growth easing in the US.
Monthly imports into China and Asia show strong growth but figures for Latin America and Middle East and Africa were down in March.
Shares in Fonterra Shareholders Fund (ASX:FSF) closed 0.82 per cent higher at $3.71 yesterday.