date:Aug 06, 2013
The New Zealand dollar skidded to a one-year low on Monday after New Zealand's major dairy exporter, Fonterra, said at the weekend it had found bacteria in some of its products that could cause botulism.
Dairy produce accounts for about a quarter of New Zealand's NZ$46 billion ($36 billion) annual export earnings, and the currency is sensitive to the fortunes of Fonterra, the world's biggest dairy exporter.
Fonterra said over the weekend that contaminated whey protein concentrate had been expo