Milking It

NZ is reaping the benefits of a global milk boom, according to the New York Times. Milk is in high demand and short supply due to a combination of global factors, including climate change, trade policies and the economic explosion in China and India. “Even when prices start easing back, we don’t expect them to go back to where they were,” said Hayley Moynihan, a dairy analyst at NZ’s Rabobank. “The cost of production and ongoing demand is going to see prices eventually settle at higher levels than they did in the past.” NZ is one of the world’s largest milk producers, and the largest exporter of dairy products.