date:May 14, 2013
in recent months is a steep decline in New Zealands milk production, following an abnormally prolonged dry period at the start of the year leading to farmers drying off or culling milk cows early, which in turn caused a reduction in the processing of dairy products. The leap in prices is partly a reflection of the absence of commercial stocks to cater for such an unexpected reduction in availability, rather than a more profound shortage of supplies, as New Zealands overall output for the 2012/2