Total goods exports were down $215 million (5.1 percent) in October 2014 compared with October 2013, Statistics New Zealand said today. Goods exports to China led the fall, down $433 million. Milk powder led the fall in exports to China, down $459 million (77 percent), with quantities down 67 percent. Milk powder, butter, and cheese exports to all countries fell by $361 million, as other countries, such as Algeria, received a greater value than in October 2013. “Milk powder exports to China fell after the record prices and quantities of late 2013, contributing to a 40 percent fall in exports to China,” international ... (full story)