date:Aug 07, 2014
Hopes of a white gold rush fuelled by booming Asian demand for milk and other dairy products have been dealt a blow as swollen stockpile in top consumer China and a flood of supply pummel dairy prices.
Global dairy prices have fallen more than 40 percent since February, according to the Global Dairy Trade, an auction platform run by New Zealand's Fonterra Co-operative Group, which controls nearly one-third of the world's dairy trade.
Fonterra said average prices fell 8.4 percent to a two-year