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

 


New Zealand Production Statistics - March 1999

New Zealand Production Statistics - March 1999 quarter

Fewer Livestock Slaughtered

The total number of livestock slaughtered in the March 1999 quarter was 4.5 per cent lower than in the March 1998 quarter. Farmers concentrated on fattening their remaining stock following the drought-breaking rain which fell over the North Island during January. In contrast, the South Island regions of Canterbury and Otago again recorded a high number of livestock slaughtered, down only 3.0 and 0.1 per cent respectively. The continuing drought has left pastures bare and farmers with little choice but to destock.

Beer production fell 2.6 per cent between the March 1998 and March 1999 years. This decrease was due to an 8.2 per cent fall in the volume of tap beer produced. Tap beer has fallen every year since 1990, coinciding with increased publicity regarding drink driving. A move towards bottled and canned beer, as a result of recent discounting by breweries, may also have contributed to the latest fall. Production of canned beer was up 3.6 per cent between the March 1998 and 1999 years.

The number of cigarettes available for consumption during the March 1999 year fell 5.2 per cent when compared with the previous March year. This is the lowest recorded figure for a March year since the series began in 1974. In the May 1998 Budget the Government increased the excise tax on tobacco, with the price of a packet of 20 cigarettes rising 50 cents. Tobacco companies increased prices further in December 1998. The Consumer Price Index reports a 14.0 per cent rise in the price of cigarettes between the March 1998 and March 1999 quarters.

Ian Ewing

DEPUTY GOVERNMENT STATISTICIAN

23 June 1999

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

Results:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news