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

 


Dairy export volumes show large increase

Dairy export volumes show large increase – Media release

In the September 2012 quarter, seasonally adjusted dairy export volumes rose 32 percent, Statistics New Zealand said today. Milk powder was the largest contributor to this rise.

Dairy products made the largest contribution to a 9.7 percent rise in seasonally adjusted export volumes. Meat export volumes rose 15 percent. Import volumes rose 0.7 percent, led by intermediate and capital goods.

"Dairy export volumes are at record levels, after adjusting for seasonal effects," prices manager Chris Pike said. "Dairy values remain at high levels, even though export prices have fallen for five consecutive quarters."

Export prices fell 6.3 percent, led by dairy prices (down 13 percent), while import prices fell 3.3 percent, led by a fall in petroleum and petroleum product prices (down 13 percent).

In the September 2012 quarter, the terms of trade fell 3.2 percent. A fall in the terms of trade means that fewer imports can be funded by the same quantity of exported goods. The terms of trade are 9.1 percent lower than a year ago.

The price and volume indexes for exports and imports of goods are compiled mainly from overseas merchandise trade data.

ENDS


For more information about these statistics:
• Visit Overseas Trade Indexes (Prices): September 2012 quarter (provisional)

• Open the attached files
http://img.scoop.co.nz/media/pdfs/1212/OverseasTradeIndexesPricesSep12qtr.pdf

http://img.scoop.co.nz/media/pdfs/1212/otipsep12qtrtables.xls


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: NZ Dollar Catches Breath After "Goldilocks" Slump

The New Zealand dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market last month and PM John Key suggested a “Goldilocks” level far lower than at present. More>>

ALSO:

Biosecurity: Kiwifruit Claim To Hold Officials Accountable For Psa

Kiwifruit growers have joined forces to hold Biosecurity NZ accountable in the courts for its negligence in allowing 2010’s Psa outbreak that devastated New Zealand’s kiwifruit industry and exports. Foundation claimants representing well ... More>>

ALSO:

Poison: Anglers Advised Not To Eat Trout In 1080 Areas

With the fishing season opening in just a few days (1 October 2014), anglers are being warned by the Department of Conservation(DOC) not to eat trout from pristine backcountry waters and their downstream catchments, where the department is conducting 1080 poisoning operations. More>>.

ALSO:

Quotas: MPI Swoop On Suspected Fraudulent Fishing Activity

Ministry for Primary Industries (MPI) compliance officers swooped on a Hawkes Bay fishing enterprise today to secure evidence in an investigation into suspected fraudulent activity... “The investigation involves activity throughout the commercial supply chain – catching, landing, processing and exporting.” More>>

ALSO:

Scoop Business: Fonterra Slashes 2015 Milk Payout, Earnings Tumble 76%

Fonterra Cooperative Group cut its forecast 2015 milk price payout by about 12 percent, citing weaker global dairy prices and said there is a risk of further declines given strong global milk production. More>>

ALSO:

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news