Saturday, April 20, 2024

Fall in exports led by 37% drop in WMP value

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Total goods exports for New Zealand fell $214 million (4.7%) to $4.4 billion in May 2015 compared with May 2014, Statistics New Zealand says. Milk powder, butter, and cheese exports led the fall, down 28% ($346m).
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“Despite dairy exports falling, they accounted for one-fifth of total goods exports in May,” international statistics manager Jason Attewell said. "At its peak, dairy made up two-fifths of total goods exports."

The fall in milk powder, butter, and cheese exports was led by whole milk powder, down 37%, with quantities down 6.9%. Whole milk powder export values to China have been low this year compared with last year, but values to other countries have remained fairly stable.

See full statistics here

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