Milk production up
A wet summer has helped Fonterra's milk production for the eight months to January 31 increase 4.2 per cent compared to the same period a year earlier.
The New Zealand dairy giant produced 1.12 billion kilograms of milksolids for the eight months to the end of January.
Rain through December and early January helped maintain milk production above last season's level, Fonterra said in a note issued to shareholders today.
Production in the North Island reached 720 million kgMS, up 3.7 per cent compared to the previous season.
Production in the South Island jumped 5 per cent to 400 million kgMS.
Fonterra has had a stellar season with volumes and global dairy commodity prices riding high.
But when milk production peaked in spring last year Fonterra was forced to dump excess milk byproducts in Taranaki and Waikato.
Some byproducts were buried on land at Fonterra's Whareroa site and some pumped out to sea near Hawera, under resource consents issued by the Taranaki Regional Council.
A similar situation existed in Waikato, where a large buttermilk lake was created on an Atiamuri farm near Taupo from the dumping of Fonterra byproducts from its plants including Te Rapa and Edgecombe.