It’s all about milk Fully – the price of our largest export (other than expats) has plunged these last months….

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11318178

A lot of jawboning by the Reserve Bank – “NZD is over-valued”, maybe some direct intervention, and cessation of interest rate rises have contributed, but I reckon these are followers of commodity price falls.

Good for us exporters : )