New Zealand farmers loseout to currency markets

01 September 1998

New Zealand farmers lose
out to currency markets

NEW ZEALAND farmers are failing to profit from the strength of the Pound and the collapse of the New Zealand Dollar on world currency markets.

Currency “hedging” by the various New Zealand trade organisations means financial institutions are gaining most from the cheap imports seen in the British market, according to an analysis in The Herald.

• The Herald 01/09/98 page 21