Low oil prices could offset multi-billion dollar dairy loss
The oil import bill could be cut by $4 billion while dairy exports could drop $6 billion
Dairy farmers may have gained a lifeline, as the fall in the global oil prices could provide a counter weight to more than half the calamitous fall in dairy income.
BNZ senior economist Craig Ebert says the extended fall of oil prices could reduce New Zealand’s import bill by billions of
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Jason Walls
Thu, 22 Jan 2015
Thu, 22 Jan 2015
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Low oil prices could offset multi-billion dollar dairy loss
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