The global dairy sector looks set to be characterised by a
future of solid market growth, but that growth will be
unevenly spread, generating important new dynamics, a new
industry report from Rabobank shows.
Farmer confidence has remained at relatively high levels
throughout 2011, largely on the back of above-average
commodity prices, but global economic uncertainty remains top
of mind.
Environment Southland has committed to introducing a policy
that will require new dairy conversions to gain a resource
consent from next April, and to consult intensively between
now and then on the details.
University of Otago health researchers have
been unable to attract $700,000 from the dairy industry for
further study into a possible link between the consumption of
milk and reduced bowel cancer rates.
The strength of the kiwi, which hit US81.76c yesterday,
appears set to be further boosted by a combination of strong
commodity prices and further weakening in the US dollar.