Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Farm Input Prices Rise 0.3 Percent

Farm Expenses Price Index: March 2004 quarter — 25 May 2004

Farm Input Prices Rise 0.3 Percent

The Farm Expenses Price Index (FEPI) rose 0.3 percent in the March 2004 quarter, according to Statistics New Zealand. In the year from the March 2003 quarter to the March 2004 quarter, the FEPI fell 1.4 percent.

The most significant upward contribution to the rise in the FEPI in the latest quarter came from the repairs, maintenance and motor vehicle repairs index, which rose 1.2 percent on the back of higher material and labour costs. Other upward contributions came from a 1.1 percent rise in the index for interest rates, and a 0.6 percent rise in the livestock purchases index. Prior to this quarter's increase, the livestock purchases index had recorded six consecutive quarterly decreases.

A 1.1 percent fall in the fertiliser, lime and seeds index was the only significant downward influence on the FEPI in the March 2004 quarter. Respondents cited the appreciation of the exchange rate as the driving factor behind the movement in this index. The FEPI excluding livestock rose 0.4 percent in the March 2004 quarter. Brian Pink Government Statistician


© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news