NZ exports rise to 3-year high in May, as dairy prices increase

Tue, 27 Jun 2017

By Tina Morrison June 27 (BusinessDesk) - New Zealand's merchandise exports rose to their highest monthly level in more than three years in May as the country benefited from rising prices for dairy exports to China. Exports rose 8.7 percent to $4.95 billion in May compared with the same month a year earlier and marking the highest monthly level since March 2014, according to Statistics New Zealand. Dairy exports led the rise, with the value lifting 42 percent, or by $342 million, to $1.16 billion. New Zealand's exports of milk powder,...

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