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

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 CET
   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
06:31pDJVERIZON COMMUNICATIONS : Revenue Falls on Drop-Off in Subscriber Additions -- Update
06:31p DGAP-DD : EQS Group AG deutsch
06:31p DGAP-DD : EQS Group AG english
06:31p INVESTIGATION FOR INVESTORS WHO PURCHASED SHARES OF GIGAMON INC (NYSE : Gimo)
06:31p ENCLARA PHARMACIA : Urges NJ Governor Christie to Avoid Unintended, Adverse Consequences of Restricted Access to Opioids for Terminally Ill Hospice Patients
06:31p Lundin Law PC Announces an Investigation of Banc of California, Inc., and Encourages Investors with Losses to Contact the Firm
06:31p AnyQuip Selected as Finalist for SXSW Accelerator Competition
06:31p AXALTA COATING : Shares Expertise at Canadian Collision Industry Forum
06:31p GEORGETOWN BANCORP, INC. : Reports Earnings and Announces Quarterly Cash Dividend
06:31p EXEL INDUSTRIES : 2016-2017 first-quarter revenue Recession in Agricultural Spraying in France
Latest news
Advertisement
Hot News 
-20.79%BT : Italy scandal deepens and UK slows, wiping $9 billion off shares
-31.99%Stocks recover, dollar steadies as investors eye earnings
-4.93%VERIZON COMMUNICATIONS : Yahoo Sees Verizon Deal Taking Longer Than Expected -- 2nd Update
-1.99%Johnson & Johnson plans more price transparency; eyes U.S. tax, healthcare changes
-8.83%EASYJET : hit by weaker pound as low-fare battle rages
Most Read News
12:09p Stocks recover, dollar steadies as investors eye earnings
01/23 SAMSUNG ELECTRONICS : Elec warns of political risks as chips boost fourth quarter profit
09:23a BT : Italy scandal deepens and UK slows, wiping $9 billion off shares
12:09p Johnson & Johnson plans more price transparency; eyes U.S. tax, healthcare changes
11:01a TSX rises as Keystone owner leads energy gains
Most recommended articles
01/17DJS&P 500, Nasdaq Futures -- Technical Analysis
12:28p DEUTSCHE BANK : mulls listing asset management unit - sources
12:25p BT warning, poor earnings weigh on European shares; Generali rallies
12:25p VOLKSWAGEN : plant in Germany extends production stop
12:24pDJTRANSCANADA : Trump Takes Action on Keystone, Dakota Pipelines -- 2nd Update