Adds particulars on outcomes and ethanol manufacturing
Adds particulars on outcomes and ethanol manufacturing
April 1 (Reuters) – Fonterra FCG.NZ stated on Wednesday its New Zealand milk exports in February fell 6.1% and that it could ramp up ethanol manufacturing to assist sanitizer producers deal with a surge in demand brought on by the coronavirus outbreak.
The Auckland-based firm stated it could make an extra 220,000 litres of high-grade ethanol, on prime of the 375,000 litres it has already supplied in latest weeks to assist with the availability of sanitizer.
In February, the dairy big noticed a decline in demand for butter from Iran and fluid milk merchandise from China, which reduce into exports from New Zealand.
Home milk manufacturing was flat for a similar interval attributable to opposed climate circumstances, whereas Australian manufacturing steadied in January as rainfall returned after months of dry circumstances, the corporate added.
Accounting for the manufacturing on leap day, the world’s largest dairy exporter stated its New Zealand milk assortment in February was 133.5 million kilograms of milk solids (kgMS), up 0.3% on similar interval final yr.
Dairy import volumes for China, Fonterra’ largest market, decreased 2.1% within the first two months as measures imposed to stem the coronavirus unfold affected shipments.
(Reporting by Anushka Trivedi in Bengaluru; Enhancing by Aditya Soni and Stephen Coates)
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