Fonterra Make Strong Finish to the Year
The sales figures reflect both a huge effort by the ingredients manufacturing and sales teams and the benefits of a three year effort to improve efficiencies in Fonterra's cow to customer supply chain, Managing Director Shaskey said.
06/07/06 Fonterra has ended its 2005/2006 season on a high note, notching up record sales during May of 316,000 tonnes of dairy ingredients to customers around the world. The co-operative says annual sales to the United States topped $1 billion for the first time.
Managing Director Fonterra Ingredients John Shaskey said May was the first time the company had sold more than 300,000 tonnes of product in a calendar month, beating the previous record by more than 30,000 tonnes.
The sales figures reflect both a huge effort by the ingredients manufacturing and sales teams and the benefits of a three year effort to improve efficiencies in Fonterra's cow to customer supply chain, he said.
The record sales came on the back of a record milk production year which had seen a late surge of milk due to excellent autumn conditions.
Mr Shaskey said commodity prices were forecast to soften from last year’s historic highs, but demand remained steady. In addition, the work Fonterra had done to simplify and strengthen its business model was helping provide the competitive edge the co-operative needed to maintain New Zealand's status as the world's leading dairy exporter.
