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11.16
09:57

Fonterra increases H milk plant in February in operation

The New Zealand dairy cooperative Fonterra is to increase H milk production to serve the rising demand from Asia. The product requires no cooling.
For Fonterra want already in February a 40 million-liter production facility in advance in operation take, which was originally planned for 2018. So far, Fonterra produces 100 million litres of milk a year.
The "ultra high temperature" (UHT) - production allows the shelf life of milk products even without cooling. In the fast-growing Asian markets, electricity is not available everywhere. The fact that the project is being implemented right now, shows that dairy products in China obtain a higher popularity. Fonterra intends to expand its product line, with products that allow higher added value than in the milk powder. One eludes to the high volatility of the underlying commodity.
In the GDT yesterday's auction, the index for dairy products by 11.4% and thus recovered from its lows of recent months. Fonterra food service department could improve in the last marketing year, which ended in late July, their profits from taxes by 42% to NZ$ 580 million. This Department is to the year 2023 a turnover of 5 billion NZ$ make.

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