date:Apr 29, 2016
The dairy market is inching toward balance, as low prices prompt falling production on New Zealand, the worlds top exporter, while demand from China and Latin America rises.
Fonterras, the New Zealand based dairy co-operative, which accounts for the bulk of countrys production, announced that collections in New Zealand were down by 3.3% in the 10 months to March, Fonterra said.
Collections in March were down 2.4%, at 136.1m kilogrammes of milk solids.
Low price environment
Lower milk collect