Dry weather cutting dairy production, boosting power costs

Thu, 21 Mar 2019

By Gavin Evans March 22 (BusinessDesk) - New Zealand milk production fell from year-earlier levels for the first time in 11 months in February due to dry weather. The country’s dairy farmers produced 165 million tonnes of milk solids in February, about 0.1 percent less than the same month last year, according to Dairy Companies Association of New Zealand data. The decline was the first since March last year and trims the production gain for the season that started in August to 4.9 percent. NZX dairy analyst Robert Gibson says the re...

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