New Zealand Worst Hit in Milk Price Crash
NEW ZEALAND – Market factors have left Kiwi dairymen the most exposed to the dairy price crash of all the key exporting countries, says Rabobank.
21 August 2015
1 minute read
A new report for Rabobank clients - Dairy Industry Note - Riding out the storm - has said New Zealand prices have been “hit far harder” during the global dairy price slump.
This has resulted in businesses having a "truly awful" winter season.
Rabobank New Zealand CEO, Ben Harvey, said: “In this cycle, the pain has been asymmetrical, with New Zealand at the sharp end, and so far pretty alone.
“This has been for a combination of reasons – including a relatively strong New Zealand currency position, our small domestic market and New Zealand dairy’s exposure to China and to whole milk powder, which are the worst-hit markets.”
Michael Priestley
News Team - Editor
Mainly production and market stories on ruminants sector. Works closely with sustainability consultants at FAI Farms
