Fonterra has record quarterly exports, gets creative with shipping
Fonterra Cooperative Group, the world's biggest exporter of dairy products, achieved record export in the final three months of its season of 620,000 tonnes.
Its 2012 May, June and July shipments were 36% more than the same period last year, reinforcing the 2011/2012 record milk production by its 10,500 dairy farmer members. Total milk production was up 10% on 2010/2011.
"We traditionally ship just over 450,000 tonnes at this time of year, but we've had a lot more product to move, and this has meant some creative planning across the wider supply chain to manage and store the additional volumes," said Fonterra NZ Milk Products managing director, Gary Romano.
"For the first time since Fonterra was formed, we chartered our own break-bulk vessel to send product to the Middle East."
Romano said that though dairy product demand usually lifts ahead of the Islamic month of Ramadan, the demand spike was more than expected.
"There was not enough available container capacity at that time of year," he said. "This meant Fonterra had to charter its own vessel to take 7,500 tonnes of products to ports in Dubai and Saudi."
Romano said the new dairy season has now begun.
BusinessDesk.co.nz
Comments from our readers
No comments yet Add your comment:
Related News
NZ regulators to start anti-money laundering monitoring from this month
Solid Energy leaves Mataura briquette plant operations with GTL Energy
NZ dollar falls as drought throws handbrake on economic growth
From the Farm: Animal parts
NZ economy grows at half expected pace in 1Q on drought effect; kiwi falls
Diligent makes mistake recognising revenue in accounts before it should have
Rick Bettle quits Diligent board as Dominion Finance trial looms
NZ dollar drops as US signals end to quantitative easing, GDP looms
While you were sleeping: Stocks, bonds drop on Fed
Labour’s Parker says Parliamentary privilege vital against Hanover-style litigation
|
