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

 

Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

ALSO:

EARLIER:

Crown Accounts: Government Ekes Out Six-Month Surplus Of $9M

The New Zealand government eked out a tiny surplus in the first six months of the fiscal year as growth in domestic consumption lifted the goods and services tax take, while uncertainties over the Kaikoura earthquake costs meant expenses were less than expected. More>>

ALSO:

Almost 400 Jobs: Shock At Cadbury's Dunedin Factory Closure

Workers at Cadbury in Dunedin are reeling after learning this morning that the iconic Cadbury factory is to close, with the loss of almost 400 jobs... “The company had reported it was doing well and this has come out of the blue,” says Chas. More>>

ALSO:

Transport: Boards Of Inquiry For Auckland Roading Projects

Boards of Inquiry have been appointed to decide on two significant Auckland roading projects in a move which will get a decision by the end of the year, Environment Minister Dr Nick Smith and Conservation Minister Maggie Barry announced today. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news