(Reuters) - Fonterra <FCG.NZ> 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.
(Reporting by Ambar Warrick in Bengaluru; Editing by Kevin Liffey and Catherine Evans)
