New records for NZ dairy exports
Statistics New Zealand has released figures showing that the total value of NZ merchandise exports in November 2007 rose 18.4% compared with November 2006. This is the second consecutive month to see a large increase driven by milk powder, butter and cheese, and petroleum and products. Combined, these two commodity groups made up a third of all exports and accounted for over 90% of the increase from November 2006.
In November 2007, exports of milk powder, butter and cheese increased in value by nearly 50%, reaching a new record of $915 million. Whole milk powder exports contributed more than half of this increase from November 2006.
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