03 September 1997
Currency problems hike NZ dairy prices
CURRENCY upheavals has forced the New Zealand Dairy Board to raise prices in
all its markets, resulting in slower sales.
It has caused significant problems in
its key Asian markets.
Warren Larsen, the boards chief executive, said any improvement in the
dairy products market in the new season was likely to be modest and occur
Sales to Asia rose NZ$300 million to NZ$1.39bn (US$882m/£550m) in the year to the end of
June. This made the region its key market. Much of the growth came in branded
Dairy products are now New Zealands main export earner.