Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Fonterra Co-operative Group Limited ( (NZ:FCG) ) has provided an update.
Fonterra reported strong milk collection growth in March, with New Zealand volumes up 9.6% year-on-year and 3.7% higher season-to-date, while Australian collections rose 7.0% for the month and 3.8% for the season before reporting ceases following the Mainland Group divestment. The update highlights broad-based increases in milk production across New Zealand, Australia, the EU and US, mixed export trends, and a modest recovery in China’s dairy imports, underscoring shifting regional demand dynamics that will influence Fonterra’s product mix, pricing and market positioning over the coming year.
Global dairy supply continued to expand, driven by favourable weather, strong feed availability and herd growth, particularly in the US and Europe. While New Zealand, Australia and US exports rose and EU shipments dipped, import demand softened in Latin America, Asia (excluding China) and the Middle East & Africa, signalling potential margin pressure and intensifying competition even as China’s higher purchases of whole milk powder and cheese offer some support for Fonterra’s key export categories.
More about Fonterra Co-operative Group Limited
Fonterra Co-operative Group Limited is a New Zealand-based dairy co-operative and one of the world’s largest dairy exporters. It collects milk primarily from New Zealand and Australia, producing commodities such as whole milk powder, skim milk powder, cheese, butter and specialised dairy ingredients for global markets, with a strong focus on China, Asia, Latin America and the Middle East.
Average Trading Volume: 280,354
Technical Sentiment Signal: Hold
Current Market Cap: N$7.51B
See more data about FCG stock on TipRanks’ Stock Analysis page.