AgriHQ Milk Production Predictor update

The New Zealand Milk Production Predictor latest forecast for September 2014 was growth in the range of -0.8% to +9.3% with a mid point of +4.2%. The mid point of the range is very close to Fonterra’s results.   Fonterra have just released their milk production data for the month of September. Across New Zealand their milk collection was up 3.9% compared with the previous September.  Last season Fonterra collected 87% of the milk produced in New Zealand.