Dairy Industry in New Zealand - Leading Export Industry

Dairy Industry in New Zealand - Leading Export Industry

NZ has a Dairy industry that combines its favorable climate and leading cutting edge research into the development of new products and services. Dairy makes about 23% of NZ's $39.55 billion annual exports. With these, the country has been at the forefront of innovations in the dairy industry. Lactoferrin, a valuable nutritional supplement was developed in NZ. With the worlds biggest farmer owned Dairy processor, Fonterra, investments in Dairy industry in NZ have been robust and thriving. It recently made an acquisition of the Saudi New Zealand Milk Products factory, another addition into it's already investment portfolio. The contribution of investment NZ, diary industry to the economy has been immense. The NZ commodity export price index rose to a record last month. This was made possible by the increasing dairy and Aluminium prices. It rose 4.9 per cent in March, a 1.8 per cent increase.

Dairy prices have been consistent and steady at Fonterra's monthly dairy auction. Dairy Exports from NZ rose 9.9 per cent. With the publishing of a dairy price index, Fonterra hopes to reflect the percentage change in the average price of a "basket of products traded on its internet auction platform" As at the last trading; it stood at low 0.8 per cent. The index is reflective of the state's dairy market. The average price at the last auction stood at US2, 923 per tone for the whole milk powder. That represents an average of US$37 per tone that marked a 1.2 percent decrease from trading in the April auction. For investment NZ, the global dairy market outlook remains positive but Fonterra has warned stakeholders in this industry to shore up their investments against probable future volatility.

The volatile markets, as he warned, require that targeted response is given to ensure NZ dairy industry's international competitiveness and the future of the industry is secured. Volatility is already evident in the milk powder prices in the world. The global dairy consumption growth is expected to recover by 2% at the end of this year. New Zealand's trade surplus widened in March due to dairy exports of more than $4 billion. The surplus was $567 million, an increase from $335 million in February. This is according to the statistics NZ data. This marked increase out did the expected surplus of $380 million. Milk powder, butter and cheese were the most in exports with earnings of $969 million from the same month.

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