News: NZ

NZ: FONTERRA WARN OF MILK BOOST IN EUROPE

The supply and demand of global dairy products is well balanced, claim Fonterra, in the latest update on world dairy markets. However, increased production out of Europe in the coming months may cause some price volatility, according to outgoing Fonterra CEO Theo Spierings. Speaking at the co-op’s half-year result announcement, Spierings said demand from China, Asia and Latin America was strong.