China Laps Up New Zealand's Milk Export Boom - New Zealand's dairy industry is booming, fuelled by an international demand for pure Kiwi milk. But as the country's milk moguls become millionaires, there are growing concerns that the industry is turning sour.
"The demand has been insatiable out of China", explains dairy farmer Trevor, who built a 140-million-dollar farm empire from the ground up. New Zealand produces 19 million tonnes of milk a year, 95% of which is exported. Yet global prices for milk have dropped more than 40% this year and more cows means more waste and chemicals polluting the country's water sources. As Australia signs a Free Trade Agreement with China, what can they learn from their neighbour's faltering white gold rush? Full Documentary 11 minutes.