Wet spring weather has put the squeeze on milk production and forced Fonterra to reduce its forecasted milk volumes for the 2016/17 season.

The dairy giant has downsized its predicted production from 1.523 million kilograms of milksolids to 1.46 million kilograms.

In Waikato, home of 34 per cent of the country’s dairy herds, milk volumes have fallen 14 per cent compared with last year, says Fonterra’s October Global Dairy Update report.

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