date:Aug 07, 2013
analysts had said the event could help gauge the likely impact of the contamination scare on prices and sentiment towards New Zealand dairy products, which command a premium over rivals. In the event, the drop in prices was less than the 5-10 percent some analysts had predicted.
Dairy exports earn about a quarter of New Zealand's NZ$46 billion annual export earnings.
Units in Fonterra's Shareholders Fund, which offer outside investors exposure to the cooperative's farmer shareholder dividends,