10 Aug 2015

Retailers hit by dairy downturn too

From Checkpoint, 6:11 pm on 10 August 2015

Taranaki retailers say the downturn in the dairy maket is starting to bite, with sales down by 10-20%. Farmers are cutting back now that the forecast payout for the season has dropped to $3.85 a kilo of milk solids. That's far below the break-even point for many farmers, whose spending on non-essential items has all but evaporated.