date:Jun 18, 2015
ases as the new dairy season progresses, she said.
The dairy industry is the backbone of New Zealands economy, accounting for more than a quarter of exports. But the countrys farmers have watched global dairy prices more than halve since early 2014 and many are operating below break-even.
Dairy prices have suffered because of world-wide overproduction, subdued demand from important markets such as China, and a glut sparked by Russias ban on U.S. and European food imports. New Zealands Fonterra