Fonterra Shareholders Fund monthly production decline

Company News

by Rachael Jones

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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.