Despite uncertainties over the coronavirus effects Fonterra has sold forward most of this year’s production and its New Zealand milk supply is falling away sharply in some regions.
The revised milk collection forecast for the season is 1515 million kilograms, 0.5% down on last season.
The co-operative foreshadowed news about its asset portfolio review along with the interim financial results on March 18 but they will not change the underlying performance of the business.
