Topic “dairy exports” — Exporter Magazine

As of July 2010, in accordance with the most recently accepted documents, Russia, Belarus and Kazakhstan formally created a joint customs area, within which the majority of goods exchange are subject to the principles of free trade. Milk production in New Zealand will rebound by 10% next year to a record high, feeding a recovery in exports – assuming the world’s top exporter gets a break from the poor weather which has for two years sent output lower, according to AgriMoney.com. The value of US dairy exports rose 65% in July to USD$308.8 million (NZD$407 million), bringing year-to-date dairy export value to $2.034 billion, a rise of 66% over the same period in 2009, according to a report by the US Dairy Export Council, citing the USDA’s Foreign Agricultural Service date. Fonterra has completed an NZ$8 million investment in its UHT milk processing facilities in Auckland in a bid to meet growing demand in Asia and the Pacific, according to DairyReporter.com. Fonterra has revealed that prices were down sharply at its latest auction, as concerns about supply, which had fueled recent price increases, eased, according to DairyReporter.com.