Fonterra Offer Quantities on GDT and Milk Collection Update

14 March 2019 Fonterra Offer Quantities on Global Dairy Trade and Milk Collection Update Fonterra Co-operative Group has reduced its forecast milk collection to 1,510 million kgMS for the 2018/19 season due to the influence of ongoing dry weather in New Zealand, particularly in the North Island, which is impacting production in the second half of the season. This forecast is slightly above last season's collections of 1,505 million kgMS, a season also impacted by poor on-farm conditions. As well, Fonterra Co-operative Group has made reductions to its offer quantities for its product range on Global Dairy Trade over the next four months. There is no change to Fonterra Co-operative Group's forecast offer quantities on Global Dairy Trade over the 12 month period for all products. Media queries should be directed to Fonterra Communications: Graeme McMillan Mobile: +64 21 702 696 Email: Graeme.mac@fonterra.com End CA:00331981 For:FSF Type:MKTUPDTE Time:2019-03-15 08:30:51