Fonterra Shareholders Fund Aus milk production up 3%

Company News

by Anna Napoli

Dairy Co-operative, Fonterra Shareholders Fund (ASX:FSF) has reported its total New Zealand milk production was flat for the 12 months to June compared to the same time last year.

Australian milk production increased by 3 per cent over the 12 month period, the company says the growth was driven by production in  the South East of Australia.

Meantime, EU and US milk production were up 3 per cent and 1 per cent respectively for the period.

The dairy Co-operative said US and European exports increased while New Zealand exports were slightly down and Australian exports were flat in May.

Shares in Fonterra (ASX:FSF) closed 0.64 per cent higher to $4.73 yesterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.