» Dairy Crowned "commodity King"

Dairy crowned "commodity king"

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In a news article today, Jamie Gray crowns dairy as the "commodity king" for 2011.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10774780

He notes the industry's strong growth from 19% of exports in 1982 to 27% today.

Both the profitability of dairying and the excellent growth outlook suggests to MyFarm that dairy will grow its exports by more than 40% over the next five years.  Let's hope for NZ the rest of our exports grow at a similar pace, therefore avoiding looming current account problems and helping NZ remain a first world economy.