SUBSCRIBERS
NZ dairy farmers hit as China demand dries up
China is biggest customer of New Zealand, which supplies two-thirds of all whole milk powder exported internationally. Shipments have fallen 65% in first five months of 2015
Add BT as a preferred sourcePublished Thu, Jul 30, 2015 · 09:50 PM
Sydney
WHEN China lost much of its appetite for imported milk powder this year, farmers 11,000 kilometres away in New Zealand went into a tailspin.
New Zealand supplies about two- thirds of the whole milk powder exported internationally, and China is its biggest customer. Shipments were down 65 per cent in the first five months of this year, the US Department of Agriculture said this month, and prices globally are the lowest since 2009.
Share with us your feedback on BT's products and services
