Bloomberg has comments from NZ PM John Key yesterday to Television New Zealand:
“Fonterra is the poster child for New Zealand’s exporting, whether we like that or not,”
“It’s really about what is the damage to New Zealand’s reputation, both for Fonterra and for dairy products, but also for the wider products we sell into the Chinese market and other markets overseas.”
Fonterra has “got a lot of soul-searching to get through” after the incident, Key said, adding that “for the most part they’re a great company.”
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The NZD hasn’t moved much this morning, its in a tight range around 0.8030
