n The Dairy Mail - Dairy industry : quo vadis? : production

Abstract

The weak standing of the global milk market is an area of major concern. Increased international supply over the past 12 months, together with reduced demand in a number of traditional major importing countries, has led to a dramatic drop in world dairy product prices. The situation is summed up by the fact that over 65% of New Zealand dairy farmers, the lowest-cost dairy producers in the world, are producing at, or below a break-even cost.