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

 


Primary sector exports for 2012 show slight increase

Primary sector exports for 2012 show slight increase

17 October 2012

Primary sector export revenue figures for the final quarter to June 2012 are mixed. While there was a decline of 5.8 percent for the quarter, there was actually an overall increase for the year of 1.3 percent.

The Ministry for Primary Industries (MPI) today released its final quarterly report for the year to June 2012. New Zealand’s primary sector export revenue experienced a decline of 5.8 percent in the June quarter (compared with the previous June quarter) to $8,771 million. At the same time there was a production-driven increase of 1.3 percent for the year ended June 2012 to $32,119 million, due to favourable climatic conditions.

MPI reports export revenues for main meat products were down in the June quarter - mostly because of lower export prices from weaker international demand and a build up in meat stocks in New Zealand, particularly for lamb. Lamb production however, was up 5.9 percent in the year ended June 2012.Total meat export revenue was down 14.4 percent to $1,601 million.

For the most part lower dairy prices offset increased export volumes, resulting in a 5.6 percent decline in dairy export revenue to $3,351 million in the June quarter. For the 2011-12 season (year ended June), milk solids’ production increased 11.4 percent to 1,685,000 tonnes.

Horticultural exports declined one percent to $1,267 million in the June quarter. An increase in exports of kiwifruit and wine was more than offset by declines in pipfruit, other fresh and processed fruit and vegetable exports. However, horticulture revenue for the year ended June 2012 was up 5.3 percent on the previous year.

Although export revenue for total fisheries was down 4.2 percent to $399 million in the June quarter, this was mainly due to lower export volumes for most seafood categories. International demand and prices for seafood however, remains strong.

Forest product export revenue declined 5.7 percent to $1,131 million in the June quarter, largely due to the impact of lower prices of logs and sawn timber exceeding the impact of increased export volumes. Favourable weather and the recovery of wind-thrown logs from summer storms in the North Island encouraged a record quarterly high of 7.4 million cubic metres for roundwood removals.

For further information go to the full report in the Publications section (under the News and Resources menu) of the MPI website.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Fruit & Veg Crackdown: Auckland Fruit Fly Find Under Investigation

The Ministry for Primary Industries (MPI) is investigating a find of a single male Queensland fruit fly in a surveillance trap in the Auckland suburb of Grey Lynn... MPI has placed legal controls on the movement of fruit and some vegetables outside of a defined circular area which extends 1.5km from where the fly was trapped in Grey Lynn. More>>

ALSO:

Scoop Business: Westpac NZ Reaches $2.97M Swaps Settlement

Westpac Banking Corp’s New Zealand unit has agreed to pay $2.97 million in a settlement with the Commerce Commission over the way the bank sold interest rate swaps to farmers between 2005 and 2012. More>>

ALSO:

Going Dutch: Fonterra Kicks Off $144M Partnership With Dutch Cheese Maker

Fonterra Co-operative Group, the world’s largest dairy exporter, has commissioned a new dairy ingredients plant in Heerenveen, in the north of the Netherlands, its first wholly-owned and operated ingredients plant in Europe. More>>

ALSO:

Scoop Business: NZ Retail Sales Beat Estimates

New Zealand retail sales rose more than expected in the fourth quarter, led by vehicle-related transactions, food and beverages, adding to evidence that cheap credit and a growing jobs market are encouraging consumers to spend. More>>

ALSO:

Delivery Cuts Go Ahead: 'Government Money Grab' From NZ Post

"It's a money grab by the Government as the shareholder of New Zealand Post" says Postal Workers Union advocate Graeme Clarke about the changes announced by NZ Post. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news