NZ posts first trade surplus for July month in five years as dairy prices lift

Wed, 23 Aug 2017

By Tina Morrison Aug. 24 (BusinessDesk) - New Zealand recorded its first trade surplus for a July month in five years as exports of milk powder, butter and cheese soared 51 percent. The country had a trade surplus of $85 million in July, which is the first surplus for the month since 2012 when a $98 million surplus was recorded, and only the 11th July surplus since 1960, Statistics New Zealand said. It compares with a deficit of $351 million in July last year, when the figures were impacted by a large aircraft import. Exports rose 17 p...

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