date:Jul 03, 2015
by the dairy industry woes.
The New Zealand dollar has fallen to new five-year lows so one of the biggest sellers [of dairy products] is being cushioned from the fall, said Tobin Gorey at Commonwealth Bank of Australia earlier.
Ahead of Wednesdays event, whole milk powder prices were, in New Zealand dollar terms, some way above Decembers lows.
Mr Spainhour also pointed out that since the last time prices were this low, in 2011, both the US and the EU have deregulated their dairy industry, leavi