date:Jul 30, 2014
ould see total earnings by the country's dairy farmers, who produce the country's pillar export commodities, fall by 4.3 billion NZ dollars (3.66 billion U.S. dollars), or the equivalent of 1.9 percent of gross domestic product, the New Zealand Herald newspaper reported.
Fonterra chairman John Wilson said the payout reflected continuing volatility in the international commodity prices, with Fonterra's own GlobalDairyTrade price index dropping by 16 percent since the season opened at the beginni