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New Zealand economy hit by fall in dairy prices

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.

  • 04 Sep 2014
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