According to an organization in the Netherlands, the original EU countries rolling average for the last 12 months 27.65 Euro/100Kg., Fonterra average payout 24.18 Euro/100Kg and, are you ready, the USA averaged 22.61 Euro/100Kg.
A kilogram is equal to 2.2046 pounds.
Now we are always hearing about trade barriers but, what about payment barriers? An argument can be made that costs of production are higher in Europe, and there is no real indication that European farmers are getting rich but, our price compared with New Zealand?
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How can we be "in a world market"when we receive less than 82% of EU price and 93.5% of NZ price? Bigger question might be how can they afford to export to USA if they are paying that much more for product, and what WTO rules are they breaking? or are those rules only for the US to follow and nobody else? This whole thing just continues to amaze me....DWCovert
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