CORRECT: NZ PM Key says low dairy prices will rebound as Asian demand recovers

Tue, 22 Mar 2016

(Fixes date of China FTA to 2008 in seventh paragraph) By Tina Morrison March 22 (BusinessDesk) - Prime Minister John Key says he's confident dairy prices, which have slumped below the cost of production, will rebound as growing Asian populations boost demand. Dairy product prices have fallen for five of six auctions on the GlobalDairyTrade platform this year, as the European Union signals it will underpin production even in the face of global oversupply, and amid continuing Russian import bans and weaker demand from China following a...

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