N.Z. Defies Record Kiwi With Novel Exports as Wheeler Intervenes

N.Z. Defies Record Kiwi With Novel Exports as Wheeler Intervenes

Mark Coote/Bloomberg

Dairy cows rest in the sun at Lutz Farm, which supplies milk to Fonterra Cooperative Group Ltd., in Otaki, New Zealand. Fonterra is among companies targeting China, which surpassed Australia as New Zealand’s biggest customer for a third straight month in March.