We've reached "peak milk" and are entering the era of "flat milk", Fonterra's chief financial officer warns. Marc Rivers said he couldn't see the volume of milk New Zealand produces increasing again, "so, I guess we could go ahead and call that peak milk". Fonterra is the country's biggest processor with the co-operative, owned by about 10,000 farmers, processing approximately 80 percent of New Zealand's milk. However, the study didn't include emissions from transporting and processing milk. Looking to the future, he thought farms would get a make-over, with massive dairy farms becoming less common.

Source: New Zealand Herald July 14, 2021 00:00 UTC