New Zealand’s milk production has grown by an average of 4.6% a year over the past two
decades, lifted by productivity improvements and doubling to 4.4m head in the country’s cow
herd.
However, analysts believe the growth rate will slow to 2-3% in the “near-to-medium term”,
curbed by financial and regulatory hurdles, the US Department of Agriculture’s Wellington
bureau said in a report. For the full story click here.