New Zealand PM John Key is speaking about the threat posed by fruit fly at a new conference:

  • Officials have contacted export markets about discovery
  • International response has been muted
  • Fruit fly is a threat to NZ horticulture industry
  • NZ doing all it can to eradicate fruit fly

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NZD near session lows, but not doing a lot

Earlier:

  • BNZ on a risk to the New Zealand economy
  • CBA on the agriculture risk to New Zealand

And ... while on the subject of NZ:

  • New Zealand dollar - BNZ raises forecast Fonterra 2014/15 payout to NZ$4.80/kg