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Milk rally reversing as New Zealand drought recedes: Commodities

Posted on 18 September 2013

Milk production in New Zealand is rebounding to a record as pastures recover from drought, accelerating shipments from the largest exporter just as U.S. supply expands to an all-time high.
New Zealand’s output will expand 4.5 percent in the year ending May 31 after the most widespread drought in three decades, as U.S. farmers produce 1.2 percent more in 2014, estimates from the two countries’ governments show………………………………………..Full Article: Source


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