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New Zealand economy hit by fall in dairy prices

4 September 2014 Last updated at 04:20 BST

Few economies are as dependent on milk, cheese and butter sales as New Zealand.

The predominantly agricultural country is one of the world's largest dairy producers. But a recent tumble in global dairy prices may spell bad news for its economy.

Prices fell by about 6% in August and now sit near a two-year low, partly due to troubles in the Ukraine and sanctions on Russia.

The BBC's Lucas de Jong reports.

Watch more reports on Asia Business Report's website.

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