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Fonterra faces 'substantial' drop in milk production
2015-10-16 07:56:37| Food - Topix.net
Fonterra Cooperative Group's milk production has dropped heading into the seasonal peak as suppliers to New Zealand's largest commodity exporter respond to low dairy prices by winding back their output. Fonterra's milk intake for September, when production typically ramps up ahead of the peak in mid-October, was 8.7 percent below the year-earlier month, the Auckland-based cooperative said in a statement.
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Category:Food and Related Products