Disappointing numbers, sad to see but it can't be denied the infant formula exports are DOWN for the past 4 months, from ALL ports including Auckland.
I didn't want to sell any but I told myself I would if this continued so I've let go of 30% of my already very overweight position. Maybe not a massive concern but still the trend is not great.
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NZ exports update May 18 & IF exports Analysis, page-455
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