Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Milk prices falling


Milk prices falling

The price of milk and other dairy products is falling and the trend is likely to continue, according to a report released today by Commerce Minister Lianne Dalziel.

The Ministry of Economic Development prepared a report in May on the domestic price of consumer dairy products following concerns at rising domestic milk and dairy product prices.

“The report I am releasing today follows up the work that was undertaken at the request of the previous Consumer Affairs Minister in May. Since then, the prices of consumer dairy products have fallen, and indications are that prices will continue to fall.

“Over the last six months, prices of consumer dairy products have fallen by 2.58% and milk prices have fallen 3.22%. The report indicates that the fall in prices has been in response to falling international commodity prices and some competitive pressures on dairy companies to reduce their prices.

“The Ministry has considered the issue of price trends in this area and has found there is no need for government action.

“There have been concerns that there have been time lags in lower international prices being passed on to New Zealand consumers, but the report states that because of this, New Zealanders can expect prices to continue falling in the current quarter,” Lianne Dalziel said.

Consumer Affairs Minister Judith Tizard welcomed the report’s findings, and promised to keep a close eye on the issue.

“There appears to be a wide range of prices for milk and dairy products in the market which is why I recommend that New Zealand consumers exercise their right to shop around for the best deals,” Judith Tizard said.


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>

ALSO:

Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>

ALSO:

Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news