date:Nov 04, 2015
ny new development of large farms has been shelved until much better prices return.
Current world prices mean New Zealand could see production decline nearly 10% in the first half of 2016 since feeding supplements is no longer profitable.
E.U. milk production is expected to barely grow at all because of lower milk production, and U.S. milk production might grow just 0.5%
Current excess global supplies are roughly 5 million metric tons, which is about the annual milk production of the state