NZ may produce record volumes of milk this season, Rabobank says

Fri, 22 Jun 2018

By Margreet Dietz June 22 (BusinessDesk) - New Zealand milk production may grow to a record of nearly 23 billion litres in the 2018/19 season, bolstered by a favourable milk price and adequate feed reserves, and assuming normal weather conditions, according to Rabobank’s dairy analyst Emma Higgins. In Rabobank’s latest Dairy Quarterly report, Higgins forecasts the nation’s year-on-year milk production will grow 2 percent for 2018/19, the year that started on June 1. Given Fonterra Cooperative Group’s estimate that its own milk collection...

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