Fonterra posts record export volume for December

Credit: Fonterra

Export data for the dairy giant Fonterra in December confirms the new record for a single month’s volume, with more than 300,000 MT shipped to its global markets. December’s volume was approximately 10 per cent higher than the company’s previous record month in December 2014.

Fonterra managing director for global ingredients, Kelvin Wickham, said the new record reflected the ongoing successful performance of Fonterra’s direct-to-customer ingredients, consumer and foodservice sales despite the tough global market environment.

He said: “We have seen unprecedented global volatility due to geopolitical events over the past year. The dairy market has been a tough environment globally, so we are pleased to achieve record export volumes despite the challenges.”

Mr Wickman said the new benchmark would be difficult to surpass as reduced milk volumes began to impact on the Co-operative’s production levels. Fonterra is forecasting a year-on-year reduction of milk volumes by at least 6 per cent this season as farmers responded to the low milk price environment and dry conditions impacted on parts of New Zealand.