Drop in dairy exports drags down NZ trade surplus
New Zealand posted a smaller-than-expected surplus in April.
New Zealand posted a smaller-than-expected surplus in April.
A fall in global commodity prices and the strong kiwi dollar meant New Zealand producers were squeezed in the first quarter.
Prices of dairy products fell for the third straight sale in Fonterra's overnight auction, reaching a new three-year low
Prices of dairy products extended their slide in Fonterra's latest global dairy auction, reaching the lowest since August 2009.
Fonterra HQ has gazumped moves by dissident shareholders...
Prices have plunged overnight in the latest world dairy auction, falling to below the 10-year average for the first time since 2009.
It's all about speed, says chief executive Theo Spierings
Thank goodness for the dairy industry...