January exports fall 10%, dragged down by dairy

Fri, 26 Feb 2021

NZ’s January exports fell 10% to $4.2 billion compared with the same month last year, marking the biggest year-on-year fall in nearly five years, Stats NZ said.The decline was led by an 11% drop in milk powder, butter and cheese exports, and January marked the fifth consecutive month this season where monthly dairy exports were lower than the corresponding month a year earlier. NZ’s second-largest export commodity group — meat — also had a large drop, down $141 million, or 18%, in January.Exporters of New Zealand m...

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