Important not to let China dominate red meat sector

It’s a scary thought how quickly things have changed, but China has become one of New Zealand’s biggest markets for red meat, almost without any warning.

Fonterra’s Auction System Destroys Milk Powder Price

Fonterra launched its new whole milk powder internet auction system in July claiming it would provide an objective market price and would be to the benefit of New Zealand’s dairy farmers. Unfortunately it appears to have had just the opposite effect, because prices at auction have fallen by up to US$1700 over the period.

Advertisement