date:Aug 07, 2014
formula through to consumer goods such as yoghurt has encouraged a strong rise in production not just in New Zealand, but also in Europe and the United States.
Rabobank estimates global milk exports spiked by an extra 7 billion litres, or 25 percent, in the first six months of 2014 compared with a year earlier.
Roughly half of the extra supply came from Europe, where output improved after the previous brutal winter, and most of the rest came from New Zealand and the United States, which both s