Prime Minister John Key has expressed concern about the New Zealand dollar not falling after a slump in dairy prices in recent weeks, but he remains confident about the dairy industry's long term future. Speaking on the eve on a Globaldairytrade auction where milk powder prices are expected to a further 10%, Key told reporters in Parliament he was surprised the New Zealand dollar had not fallen. Wholemilk powder prices have fallen 15% this year while the New Zealand dollar has risen as much as 5% over the same period, frustrating many dairy farmers and exporters expecting the automatic stabiliser effect of the ... (full story)