date:Apr 29, 2016
1% over the whole of 2016.
In the US, the rate of milk production growth continues to slow, Fonterra said, as the USDA forecast production up by 1% over 2016.
Chinese demand rises
Fonterras imports into China, the worlds top dairy buyer, jumped by 14% year-on-year, with demand for infant formula up 38%.
Imports to China over 12 months to February were up 6%.
And demand from other key areas is strong as well, with imports to Latin America up 10% in 2015, and imports to Asia, excluding China