Milk powder exports fell in August 2016 to the lowest level since August 2009, contributing to a large 8.7 percent fall in the monthly value of exports when compared with August 2015, Statistics New Zealand said today. The milk powder, butter, and cheese commodity group fell $135 million from August 2015, with milk powder leading the fall (down $90 million). All top destinations of milk powder fell in value and quantity, with both China and the United Arab Emirates seeing a drop in value of over half. Meat and edible offal had a large fall, down $111 million, with falls in both beef and lamb. The United States had ... (full story)