date:Jul 14, 2014
ay also slow in the second half after China bought more than it needed in the first part of the year, Rabobank said in a report e-mailed on June 25.
New Zealand output reached an all-time high last season as Fonterra paid a record NZ$8.40 per kilogram of milk solids, and pastures recovered from drought. While Fonterra forecasts NZ$7 in 2014-2015, that would be the fourth-highest payment to farmers, according to ANZ Bank New Zealand Ltd. New Zealand accounts for 65 per cent of global exports of