Fonterra says it is significantly reducing the amount of product it puts up for sale on the GlobalDairyTrade auction platform over the next 12 months.
The co-operative's forecast offer over the next 12 months for New Zealand products has been decreased by a further 56,045 tonnes.
A 62,930-tonne decrease would be made over the next three months and 6885 tonnes would be added later in the year in anticipation of changing market conditions, Fonterra said.
Its managing director of global ingredients, Kelvin Wickham, said the changes were a response to conditions on the demand and supply sides of the global dairy market.
"In response to conditions in the global dairy markets, we have further modified our product mix to shift volumes away from base whole milk powder and into our other products in our portfolio such as value-add ingredients, consumer and food service," Wickham said.