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Thursday, March 26, 2015
A downturn in dairy exports is driving the sector into decline, by hundreds of millions of dollars.
Last month total goods exports fell by $608m compared to the previous February.
Milk powder, butter and cheese led the fall, due to lower prices and a drop in quantities.
More than three quarters of the drop in value was due to falling exports to China.
Annual dairy export values are now 16% lower than for the year ending August 2014.