I had some thoughts up earlier from BNZ on the risk posed to New Zealand agriculture by the discovery of fruit fly:

BNZ on a risk to the New Zealand economy

CBA thoughts now.

  • They say that the kiwi $ faces a "left-field" threat this week:
  • The discovery of fruit flies are a potential hazard for some of New Zealand's agricultural exports
  • "If a major infestation were found, it would put modest temporary downside pressure on kiwi