New Zealand makes billions from powdered milk

The most important export commodity Milk powder is New Zealand's most important export. As reported by the statistical office "Stats NZ" at the end of May, the value of exports from May 2023 to April 2024 was the equivalent of PLN 24 billion. This corresponded to 14 percent. the country's total export earnings. Over 16 years, revenues from the export of milk powder increased by 109% and its quantity by 112%. China is the largest importer According to statistics, New Zealand milk powder is currently sold in over 100 countries. By far the largest customer is China, whose export revenues amount to approximately PLN 7.17 billion, which corresponds to a share of approximately 30%. in the reporting year 2023/24. In particular, the signing of a free trade agreement with the PRC in 2008 accelerated sales to China; during this period they increased tenfold. However, from 2023, it has not been possible to achieve record amounts as at the beginning of the decade. Export diversification has ...