New Zealand’s Fonterra co-op has reduced its 2023/24 season forecast farmgate milk price for a second time this month and warned that demand for product is set to remain subdued into 2024.
New Zealand's Fonterra said on Friday it would convert coal boilers at its Hautapu site in Waikato to wood pellets and install a heat pump at its Palmerston North milk processing site to supply to the local market, as part of its decarbonisation strategy.
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