Fonterra revises its forecast farm gate milk price
Milk production in Australia in October 2018, the seasonal pick’s month, was lower than October 2017, recording -5.7%. The total production of the first 4 months of the dairy season, July-October 2018, was 3.2 million liters (-4% compared to the same period of 2017).
There were production increases in Tasmania and South Australia, two states that together account for only 14% of Australian milk production. The worst hit states for milk production are Vic...