Emerging New Zealand Drought May Cut Exports

Posted by Brian Gould Sun, 10 Feb 2008 14:48:00 GMT

Fonterra Cooperative Group Ltd., the world’s biggest exporter of dairy products, said drought cut New Zealand’s milk production and may restrict new export orders.

Record dry weather in much of the country means season-to date output is falling below last year, reported by Chairman Henry van der Heyden.