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CORRECTED (OFFICIAL)-Fonterra cuts New Zealand milk collection forecast for 2017/18 season
December 29, 2017 / 5:00 AM / 19 days ago

CORRECTED (OFFICIAL)-Fonterra cuts New Zealand milk collection forecast for 2017/18 season

(Fonterra corrects figures in paragraph 2 to million kgMS from kgMS)

Dec 29 (Reuters) - Dairy co-operative Fonterra cut its forecast for its New Zealand milk collection - the second cut in as many months - as dry weather continued to impact soil moisture and pasture quality.

Fonterra said in a statement it expects milk collection for the 2017/2018 season to be 1,480 million kilograms of milk solids (kgMS), down from its forecast in November of 1,525 million kgMS and 4 percent lower than the 2016/17 season.

Reporting by Susan Mathew in BENGALURU; Editing by Edwina Gibbs and Kenneth Maxwell

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