Dairy exports shore up June trade surplus

Fri, 24 Jul 2020

June marked another trade surplus as exports – particularly dairy – continue to hold up well despite the global pandemic. The surplus came in at $426 million as exports lifted 2.2 percent to $5.1 billion and imports inched up 0.2 percent to $4.6 billion. Leading the rise were shipments of milk powder, butter, and cheese at $1.2 billion, up 8 percent from the same month last year. Log exports also fared better, lifting 3.2 percent to $454 million. Log exports were hammered when harvesting in New Zealand stopped as a non-essential servi...

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