New Zealand’s World Dairy Dominance Becomes Its Achilles’ Heel

New Zealand’s World Dairy Dominance Becomes Its Achilles’ Heel

Brendon O'Hagan/Bloomberg

Crates filled with bottles of milk sit in a chiller prior to loading for shipment at the Fonterra Cooperative Group Ltd. factory in Takanini, southern Auckland. Fonterra accounts for about a third of the world’s trade in dairy products and posted revenue of NZ$19.8 billion in the year through July 2012.