17-07-2014 08:42 AM | New Zealand

Dairy price slump to hit hard

The Waikato is set to take a third of a billion dollar "hiding" from a sharp drop in world dairy prices.

The hit is expected to ripple through the economy from farmers to their suppliers and onward to shops and other businesses.

But it could also have a bittersweet spinoff for homeowners, with the economic wallop possibly big enough to put a hold on pending interest rate rises.
Full Story : Stuff.co.nz