Total goods exports fell $608 million (13 percent) to $3.9 billion in February 2015 compared with February 2014, Statistics New Zealand said today. Milk powder, butter, and cheese exports led the fall, down 41 percent ($647 million) from February 2014, due to lower prices and a 10 percent fall in quantities exported. Over three-quarters of the drop in value was due to falling exports to China. “Annual dairy export values are still coming down from the highest annual level, which was in mid-2014, but quantities exported have remained fairly stable,” international statistics manager Jason Attewell said. “Annual values ... (full story)