Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

New Zealand 1Q Producer Input Prices +0.3% Vs 4Q

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/17/2012 | 01:13am CEST
   By Lucy Craymer 
   Of  
 

Prices for goods and services used by New Zealand's producers, or input prices, continued to rise in the first quarter, while output prices fell due to lower international commodity prices.

Statistics New Zealand said Thursday that input prices, measured by its producer price index, rose 0.3% in the first quarter from the fourth, when they rose 0.5% on the quarter.

Output prices, or prices for goods and services produced in New Zealand, fell 0.1% from the fourth quarter, when they rose 0.1%. This is the first time the index has fallen since the fourth quarter of 2009.

"Manufacturers received lower prices for products such as meat, dairy, pulp and paper due to lower international prices and a higher New Zealand dollar. This flowed through to lower prices paid to farmers for sheep, beef and milk," Statistics New Zealand said in a statement.

The agricultural sector is the back bone of New Zealand's economy, with dairy the country's primary export. Milk powder prices have fallen sharply since their peak in early 2011 and are now down 41%, according to data from the GlobalDairyTrade twice monthly auctions.

Even as commodity prices have fallen, farm expenses have risen. Statistics New Zealand's farm expenses price index, which is only released for the March quarter, registered a 6.7% rise in farm expenses on the first quarter of 2011, with the cost for livestock up 28.8% over the same period.

-By Lucy Craymer, Dow Jones Newswires; +64-4-471-5990; lucy.craymer@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
02:29a CARICOM CARIBBEAN COMMUNITY : partners with UNEP to raise awareness on Conservation of Migratory Species of Wild Animals
01:49a GEO : Tideflats immigrant detention center will remain privately run
01:49a ENERGY TRANSFER PARTNERS LP : Worker dies on Dakota Access Pipeline
01:09a ZOO DIGITAL : Notice of AGM & Publication of Annual Report
01:08a SFX ENTERTAINMENT : Several arrested at Florida Georgia Line concert at Darien Lake
01:04a BOVIS HOMES : Block listing Interim Review
01:04a BAHAMAS PETROLEUM : Second Price Monitoring Extn
01:04a BAHAMAS PETROLEUM : Price Monitoring Extension
01:04a PERSONAL ASSETS TRUST : Issue of Equity (link is external)
12:38a IMAX USA : State might knock down Imax Theater for rail bridge replacement
Latest news
Advertisement
Hot News 
-10.63%GAMESTOP : quarterly revenue misses on weak video game sales
4.35%TATA MOTORS : India's Tata Motors first-quarter net profit halves on forex loss post-Brexit vote
-2.31%HERBALIFE : Ackman approached to buy Herbalife shares owned by Icahn
-6.63%DONGFENG MOTOR : 1st Half Net Profit Falls 1.8% to CNY6.76 Billion
3.58%RESTAURANT : to sell or close 33 outlets
Most Read News
06:04p BANK OF VALLETTA P L C : 185 BOV employees graduate from the BOV Training Academy
06:07p BARCLAYS : Flawless Fowler builds 1-shot lead at Barclays
06:38p IMAX USA : State might knock down Imax Theater for rail bridge replacement
07:04p PERSONAL ASSETS TRUST : Issue of Equity (link is external)
07:04p BAHAMAS PETROLEUM : Second Price Monitoring Extn
Most recommended articles
03:21pDJTRANSCRIPT : Bank of Mexico Gov. Agustín Carstens Interview in Jackson Hole, Wyo.
09:22a Stada shareholder AOC pushes through board reshuffle
09:12aDJBOEING : FAA Tightens Safeguards on Lithium Batteries on Jetliners, Smaller Planes
07:34a Exlusive - Iraq plans to sell oil through Iran if talks with Kurds fail
06:11a Jobs data to be a big deal for record-high stocks