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Uruguay's NZ innovator reveals drought losses

This article was originally published in Dairy Markets

NZ Farming Systems Uruguay (NZFSU), the company set up to export NZ intensive dairy farming techniques to South America, has posted a net loss of US$8.9 million (€7.05m) for the six months to December 31, 2008 due to lower milk prices and the worst drought in Uruguay for over 30 years.

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