The basic reality is that the market price of kiwifruit has fallen substantially over that time. And in case New Zealand exporters feel hard done by by this reality, remember that very substantial falls in inflation-adjusted prices are common for most commodities, and indeed for a great many other goods and services as well.
While this insurance policy is generally a less visible benefit, in cases of stress recalling to it provides specific advantages in terms of financial and monetary stability, as we could see in the recent critical episodes. Finally, one more thing about the managed float.