June 4, 2018 / 8:58 PM / 4 months ago

UPDATE 1-New Zealand's Fonterra April milk production up 3 pct

(Adds context, 9-month results)

June 5 (Reuters) - Fonterra said on Tuesday that its total New Zealand milk production in April rose 3 percent, driven largely by favourable weather conditions.

Meanwhile, Australian milk production in March increased 3 percent on favorable seasonal conditions in Victoria and Tasmania, the company said in a statement.

As a part of its nine-month trading update, the company said it expected capital expenditure for fiscal 2018 to be in the range of NZ$800 million to NZ$850 million ($562.32 million to $597.47 million), in line with 2017.

The company also said its revenue for the nine months to April 30 was NZ$14.8 billion, an increase of 7 percent, while nine-month sales volumes fell 5 percent.

The company had last month trimmed its annual profit and dividend forecasts on higher milk prices.

$1 = 1.4227 New Zealand dollars Reporting by Ambar Warrick in Bengaluru; Editing by Kevin Liffey and Catherine Evans

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