Total goods exports were down $371 million (9.1 percent) to $3.7 billion in January 2015 compared with January 2014, Statistics New Zealand said today. Milk powder, butter, and cheese exports drove the fall, down 30 percent, led by lower prices. The quantity of dairy products exported rose 2.9 percent, led by cheese and butter, however the quantity of milk powder exported fell 3.1 percent. “Lower milk powder prices in the last five months, compared with the same months a year earlier, are the main reason exports have been falling,” international statistics manager Jason Attewell said. “Although export values fell, we ... (full story)