New Zealand: Dairy and Products Annual
New Zealand milk production in 2014 is expected to rebound from 2013’s drought-impacted levels to reach 20.6 million metric tons, essentially equaling the record production levels seen in 2012. Exports will also bounce back to top 2.9 million metric tons in 2014. Farmers are smiling at the moment enjoying a productive spring and the prospect of the highest milk price payout ever received in New Zealand. Confidence is good despite the setback Fonterra received over the contaminated whey protein concentrate issue.
