Global dairy glut knocks earnings of New Zealand farmers
date:Jul 30, 2014
that the 2014-2015 season could prove challenging for farmers who had invested in boosting herds and production on the back of record dairy prices driven by demand in China.

After next year, the ministry expects returns to begin increasing again, based on the assumptions of a depreciating New Zealand dollar, a trend of increasing international dairy prices, and the growing demand for dairy products to exceed the increases in world milk production.

However, Goldman Sachs has reportedly forecas
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