[8 December/ National Business Review]

Fonterra said it would need an extra 3 billion liters of New Zealand milk production to reach its 2025 growth targets. The company collected 19 billion liters of liquid milk equivalent in 2017, but wanted to boost that to 22.5 billion liters by 2025. Fonterra said this could be done through efficiency gains and the company would continue to promote using improved research and technology to help drive farm productivity.