#Dairy drives record trade surplus

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The highest ever trade surplus for a March month has been recorded, driven by dairy exports, with China the prime destination.
 
Official figures show the country recorded a surplus of $920 million compared with a surplus of $732 million in March last year.
 
Exports were valued at $5.1 billion – exceeding $5 billion mark for the first time – an increase of $671 million from last year.
 
Milk powder, butter, and cheese exports rose $474 million (45 percent) to $1.5 billion.
 
However, dairy volumes fell from February.
 
Exports grew to two of New Zealand’s top three destinations, China and the United States, while goods destined for Australia fell.
 
Imported goods rose by $483 million (13 percent) to $4.2 billion, driven by large items such as ships, oil rigs and a $216 million oil-drilling platform.
 
Imports from China and America also rose, while goods coming from Australia fell.
 
The country also had the highest quarterly surplus, coming in at a seasonally adjusted $1.1 billion for the three months ended March.
 
Source: RadioNZ

Mirá También

Así lo expresó Domingo Possetto, secretario de la seccional Rafaela, quien además, afirmó que a los productores «habitualmente los ignoran los gobiernos». Además, reconoció la labor de los empresarios de las firmas locales y aseguró que están «esperanzados» con la negociación entre SanCor y Adecoagro.

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