date:Jul 14, 2014
whole-milk powder.
The higher price and more feeding boosted production last year, said Con Williams, rural economist at ANZ Bank in Wellington. Most of the growth this year is more premised around extra cows or new dairy conversions.
Food Costs
The countrys dairy herd expanded 11 per cent from 2010, USDA data show. The herd was 5 million on July 1, from a record 5.01 million a year ago, and will expand to 5.1 million on July 1, 2015, the government estimates. Its the worlds largest exporter