New Zealand 's Fonterra has reported a 20 % sharp drop in domestic production during April , as dry weather affected the dairy cooperative . The figure reflects a 10 % drop in Australian output in March , alongside a 3 % slide in exports . Online Editors In contrast , March shipments from New Zealand rose 27 % YoY , thanks to strong competition from key Asian markets . In early May , Fonterra trimmed its annual production outlook and announced the closure of a more than 100-year old Australian site , due to dry weather .
New Zealand 's Fonterra has reported a 20 % sharp drop in domestic production during April , as dry weather affected the dairy cooperative . The figure reflects a 10 % drop in Australian output in March , alongside a 3 % slide in exports . In contrast , March shipments from New Zealand rose 27 % YoY , thanks to strong competition from key Asian markets . In early May , Fonterra trimmed its annual production outlook and announced the closure of a more than 100-year old Australian site , due to dry weather .