Higher NZ milk production, increased 2015 payout to boost NZ economy by $1.8B, AgriHQ says

Tue, 09 Jun 2015

By Tina Morrison June 10 (BusinessDesk) - Increased milk production and a higher forecast payout to dairy farmers for the upcoming season should bolster the New Zealand economy by $1.8 billion, according to AgriHQ. The AgriHQ NZ milk production predictor forecasts growth of about 2.5 percent to 1,930 million kilograms of milk solids for the 2015/16 season, following 3 percent growth in the 2014/15 season. The expectation for increased milk production comes as New Zealand dairy companies are forecasting higher payouts to farmers this ye...

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