date:Jul 31, 2014
inventory in China, and falling demand in some emerging markets in response to high dairy commodity prices. In addition, the New Zealand dollar has remained strong. Our milk collection across New Zealand last season ending 31 May 2014 reached 1,584 million kgMs, 8.3 per cent higher than the previous season, said Wilson. This drop in the forecast Farmgate Milk Price will have an impact on our farmers cash flows. We continue to urge caution with on-farm budgets in light of the continuing volatili