WELLINGTON
Nike Air Max 2018 Shoes Sale , April 17 (Xinhua) -- New Zealand farmers might be tightening their belts because of the global plunge in dairy prices, but they stand to benefit in the long term, an expert said Friday.
"The low prices are the best thing that can happen as it will limit the European expansion," Lincoln University agribusiness and food marketing program director Nic Lees said in a statement.
New Zealand and Europe were currently fighting a "cost war
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"Quotas have come off production in Europe so they are expanding production. This is similar to what is happening in oil with expanding production due to shale gas," Lees said.
"Ireland, for example, is planning to increase milk production by 50 percent."
New Zealand was "the Saudi Arabia of milk" -- the lowest cost producer -- but it needed to focus on grass-based production to weather the storm.
"Grass will always be the lowest cost source of feed and New Zealand has the most efficient grass-based dairy system in the world
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"Ireland can grow grass too, but currently they utilize less than half what they grow. The large housed dairy operations in Europe are also only profitable at high milk prices."
However, high prices were unlikely to return soon.
Dairy giant Fonterra has told farmers to expect a payout of 4. 70 NZ dollars (3.61 U.S. dollars) per kilogram of milk solids -- well below the 6 NZ dollars (4.61 U.S. dollars) that many farmers need to be viable -- but farmers needed to be profitable at 5 NZ dollars (3.84 U.S. dollars), he said.
Opportunities existed in other areas
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"Beef is a great story with China needing to increase its beef imports by up to 20 percent a year for the next five years to meet its surging demand for protein," he said.
The average price on the fortnightly Fonterra-run GlobalDairyTrade auction over Wednesday night fell by 3.6 percent to 2,620 U.S. dollars a tonne -- or 51 percent down from the peak dairy price in February 2014.
Analysts have argued that Russia's trade war with Europe is sending European dairy products on to the global market and driving down prices.
The government's Statistics New Zealand agency said last month that export values of milk powder, butter and cheese -- New Zealand's largest export commodity group -- fell by 41 percent year on year in February to 913 million NZ dollars (681.39 million U.S. dollars)
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More than three-quarters of the drop in value was due to falling exports to China, it said.
Photo taken on July 11, 2017 shows experts working on the excavation site of a Mycenean-era carved tombs, one of the largest of such tombs ever found in Greece
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Nike Air Max 90 Sale , according to an e-mailed press release. (Xinhuacourtesy to Greek Culture Ministry)
China, Pakistan air forces hold joint training exercises
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Spectacular scenery of Hukou Waterfall of Yellow River
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PYONGYANG, May 27 (Xinhua) -- The Democratic People's Republic of Korea (DPRK) Saturday slammed Japan for denying its history of conducting sexual slavery against Korean women during World War II.
A spokesman for the Korean Committee on Measures for the Sexual Slavery for Japanese Army and Drafting Victims said that the Japanese authorities are making ""reckless distortion of history and evasion of responsibility for the past crimes"" while rejecting a UN report on the past sexual slavery by Tokyo.
""The UN Committee Against Torture has released a report calling for re-examination of the agreement between Japan and South Korea over the issue of sexual slavery for the Imperial Japanese Army,"" said the DPRK official organ that is specialized in reckoning Japan's enslavement of the Koreans during its colonial rule of the peninsula.
The UN report said the Japanese-South Korean agreement on the issue signed in 2015 is insufficient for re-instating the victims of sexual slavery system run by Japanese army during World War II.
Japan rejected the report
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""The government of Japan slandered the report of the international body and justified, beautified its past crimes. This is a grave challenge to the world community as the report fairly reflects the world public opinion,"" said the DPRK's committee.
It urged Japan to ""clearly understand that their reckless distortion of history and evasion of responsibility for the past crimes are improper acts of self-destruction.""
Japan annexed Korea in 1910 and had enslaved the Koreans until it was defeated in 1945.
At least 200,000 Korean women were forced into sexual slavery by the Japanese army as ""comfort women"" during the war
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Aerobatics aircraft perform at air show in C China's Henan
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RIO DE JANEIRO， July 2.
Konu Seçenekleri
