Best-ever returns for NZ dairying

Ashbridge, Ian
August 2007
Farmers Weekly;8/24/2007, Vol. 147 Issue 8, p24
Trade Publication
The article reports on the strong returns for dairy farmers in New Zealand for 2007. Members of the dairy cooperative Fonterra are expecting 0.553 New Zealand dollars per kilogram of milk solids due to a weaker U.S. dollar and strong global prices for dairy commodities. The farmgate price is deemed to increase to about 15.9p/liter from a previous 12.9p/liter price. Fonterra chairman Henry van der Heyden states that the stronger global demand for dairy products will put an upward pressure on pricing.


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