Weaker dairy commodity markets
Australia has moved to cooler weather and frost throughout the country is limiting crop growth. Looking ahead, there are concerns about feed supplies not meeting demand. Milk production is at a low level in seasonal terms, but many milk producers are optimisticoverall as to the new milk production season, which started on July 1, 2018.
Fonterra’s New Zealand milk collection for May 2018 was +6.6% compared with May 2018, thanks to a favorable autumn weather. Milk collection for the season ended 31 May 2018 down 1% on&...