Record quarter for Fonterra

Fonterra has notched up a record end-of-season quarter with 620,000 metric tonnes of dairy products exported - up 36% on the same period last year.

Record milk collections flowed into record milk production in the 2011-12 season.

The co-operative traditionally shipped just over 450,000 metric tonnes in the May-June-July period but had a lot more product to move this year.

That had meant some "creative planning" across the wider supply chain to manage and store the additional volumes, Fonterra New Zealand milk products managing director Gary Romano said.

Demand was usually up before the month of Ramadan but the demand spike was more than expected and there was not enough available container capacity.

For the first time since the co-operative was formed, Fonterra had to charter its own break-bulk vessel to ship 7500 metric tonnes of product to the Middle East, Mr Romano said in a statement.

Fonterra's farmer suppliers had done a "great job" making the most of out of the favourable weather conditions during the season and it had been the co-operative's responsibility to make sure it got "the most out of every drop" of milk collected, he said.

 

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