Fonterra Co-operative Group Limited has revised the forecast for its 2021/22 New Zealand milk collections to 1,500m kilograms of milk solids (kgMS), down from its opening forecast of 1,525m kgMS.

Fonterra CEO Miles Hurrell said varied weather and challenging growing conditions across many parts of the country earlier in the season saw actual milk collections down on the same time last year.

“We were expecting conditions to improve over the Christmas-New Year period, but this has not eventuated,” Hurrell said.

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