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The Ministry for Primary Industries released its Situation and Outlook for Primary Industries (SOPI) report with impressive numbers from the dairy industry.
The report said revenue for New Zealand’s dairy products was expected to lift 10% to reach $25.5 billion in the 2025 year, thanks to higher global dairy prices arising from tight global supply.
As well as this, whole milk powder was projected to increase 14% year-on-year which translated through to milk price, resulting in a positive effect on Kiwi farmers, DairyNZ chief executive Campbell Parker said.
“Farmers are feeling better about their contribution to our economy, which is significant,” he told The Country’s Jamie Mackay.