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New Zealand Gathers Pace as Dairy Farmers Fuel Trade

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  • New Zealand Gathers Pace as Dairy Farmers Fuel Trade

    New Zealand Gathers Pace as Dairy Farmers Fuel Trade

    By Matthew Brockett Feb 27, 2014 4:18 PM GMT+1300

    Record payments to dairy farmers and a China-led trade turnaround added to evidence New Zealand will outpace developed-world peers this year, cementing bets the central bank will raise interest rates in two weeks.
    Fonterra Cooperative Group Ltd. (FSF), the world’s biggest dairy exporter, increased its forecast milk payout to farmers to a record today as data showed demand from China helped New Zealand record its first 12-month trade surplus in almost two years. A separate report showed the highest level of immigration in a decade, while the national airline posted record first-half earnings.
    Read more at
    http://www.bloomberg.com/news/2014-0...e-economy.html
    Last edited by donna; 29-07-2017, 12:28 PM.
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx
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