Dairy prices fall 8.2pc in overnight auction
Prices in Fonterra's latest online auction have fallen 8.2 per cent.
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Dairy prices rise 6pc in Fonterra auction
The price of milk powder rose to the highest level in three years in Fonterra's latest online auction.
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The total value of goods imported in January increased 14 per cent to $396m from January 2010, to a montly total of $3.3b, said Stats NZ this morning.
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The price of milk powder rose to the highest level since Fonterra began its online auctions in July 2008 in last night's auction.
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World dairy prices have continued to surge in Fonterra's latest online global dairy auction, rising 7.2 per cent overnight.
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Dairy boom helps trim trade deficit
New Zealand's trade deficit narrowed in November as demand from China increased prices of dairy and lumber exports.
November exports soar 19 per cent
Exports were up 19 per cent in November with the annual trade balance for that month a surplus of $1.3 billion - the first since 2001.