Dairy products fetch impressive prices

03/28/2007 | Stuff (New Zealand)

New Zealand's milk powder, butter and cheese sales were up 31% in February, totaling more than $600 million. Fonterra said it expects prices to remain stable through 2007. "In U.S. dollar terms, they have never been this high before, and I've been in it for 30 years," the dairy giant's global trade managing director said. "We can see a reasonably positive outlook."

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