NZ dairy herd rises to record 6.7M as sheep flock falls to 29.6M

Dec. 16 (BusinessDesk) - New Zealand's dairy herd rose to a record 6.7 million at June 30, while the national sheep flock fell below 30 million for the first time since modern record began, underlining the continued lure of profits from milk over meat. The nation's dairy herd rose 4 percent in the latest year, extending the long-term trend that has seen milk become the dominant farm product in New Zealand, at the expense of sheepmeat, venison, beef and pork. The number of sheep fell 4 percent in the year ended June 30 to 29.6 million, les...