New Zealand's highest milk output hits one billion kg
New Zealand recorded its highest-ever milk production during the season ending May 31, with production increasing by 4.5% year-on-year to reach 2.03 billion kilograms of milk solids. This boost was driven by high global prices that encouraged farmers to increase their output. Favorable weather conditions, strong returns, an increase in the cattle herd, and expanded use of feed and fertilizers all contributed to enhanced production and confidence in the sector. Farmers' financial flows are estimated at around $11 billion USD, with expectations of additional spending on the purchase of carbon credits worth billions of dollars.
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