| Dairy farmers adapt to tough times as demand for milk in China slows, hitting New Zealand and the EU. It is calving season in Waikato, New Zealand’s biggest dairy region, and Nicola Kloeten, a farmer, is delivering a new generation of cattle which she hopes will satisfy Asia’s growing appetite for milk, butter and cheeses.
Since signing a free trade deal with China in 2008, New Zealand has enjoyed an export-led dairy boom that has earned it the nickname of “the Saudi Arabia of milk” and driven a rapid expansion of its farm industry. The South Pacific nation is the world’s biggest exporter of milk-based products, which account for a quarter of everything it sells overseas...............................................Full Article: Source
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