New Zealand government’s forecast - Milk prices to rise

15:12 - 26.05.2021

May 26 Fineko/abc.az. New Zealand, the world's largest dairy exporter, has announced an increase in the price of milk it will buy from farmers starting on 1 June.

ABC.AZ reports that if in the mentioned country a kilogram of milk powder was previously bought for $5.29, now 1 kg will cost $6.39.

With an average price of $5.8, more than 10,000 farmers in the country will earn about $8.65 bn.

It was noted that the growing demand is a new stimulus for the economy of New Zealand, which accounts for about a third of dairy exports.

 

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