Stuff.co.nz reports higher dairy product exports are the reason New Zealand’s October exports made a 24 percent jump compared to the same month a year earlier.
The country still had a trade deficit of $319 million in October, but the deficit is a third of the October average over the past five years. Exports increased by $723 million from the previous October leading New Zealand to a total export value of $3.7 billion in October 2010.
Milk powder, butter and cheese commodity group was the major contributor to the higher October export values. Unsweetened whole milk powder was the leading product in the dairy commodity group.
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