The high-flying tourism industry has overtaken the dairy industry to become New Zealand's top export earner, with tourism insiders remaining cautiously optimistic the trend will continue.
Global dairy prices barely moved at yesterday's globalDairyTrade internet auction held by Fonterra.
Misunderstood by many in the West, the Middle East is proving a lucrative and growing dairy market for Fonterra. Agribusiness editor Neal Wallace reports that brands such as Anchor, Anlene and Anmum are leading that growth.
A rise of 9.9% in dairy prices last month sent the ANZ commodity price index to record levels while also indicating growing demand for our exports.
Average milk powder prices soared 23% at Fonterra's monthly globalDairyTrade internet auction yesterday.
Wellington, March 24 NZPA - The China Jin Hui Mining Corporation - recently renamed Natural Dairy (NZ) Holdings Ltd - says it has agreed to buy the Crafar family farms as well as other assets including farmland, cattle, and milkpowder production plant.
An environmental lobbyist says dairying is getting dirtier and the Government should intervene and set easily-enforced standards to fight contamination of waterways and groundwater.
