Member access

4-Traders Homepage  >  News


Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

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

05/16/2012 | 07:13pm US/Eastern
   By Lucy Craymer 

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;

React to this article
Latest news
Date Title
<1m ago SBERBANK ROSSII : Russia's parliament rushes through bill boosting banking capital
1m ago CLEAN AIR POWER : Board, Some Managers Swap Fees, Salaries For Options
1m ago OILEX : Shares Fall On Discounted Share Placing To Raise AUD2.5 Million (ALLISS)
3m ago SCANIA : is Continuing to Invest in Sweden
4m ago NORTH ENERGY ASA : Exploration financing facility renewed
4m ago STATE BANK OF INDIA : Progility acquires Unify India for 1m euros cash
4m ago LXB RETAIL PROPERTIES : blinkx to acquire AdKarma
4m ago E THERAPEUTICS' : Impact is rated World Class
4m ago UBI BANCA SCPA : h. 10.10 - UBI Banca: Standard and Poor's confirms UBI Banca ratings
4m ago TIZIANA LIFE SCIENCES : blinkx to acquire AdKarma
Latest news
Hot News 
NATURE : Warns 2014 Results To Be "Materially" Below Market View
GFK : German Consumer climate is strong going into the New Year
ACCUMULI : Acquires IT Security Firm RandStorm For Net GBP8.9 Million
FITBUG : Gets New Deals With Amazon, Best Buy, Target For Orb, Kiqplan
Most Read News
1d ago Wall St. has best second-day gain since 2011 on Fed optimism
1d ago Brazil's Rousseff vows clean-up of scandal-tainted Petrobras
1d ago WELLS FARGO : exec Petrilla is new head of state's California-China trade office
1d ago Unilever drops mayonnaise suit against Just Mayo maker
1d agoDJKEPPEL LAND : Correction to Keppel Land to Buy 75% Stake in Array Article (on Friday)
Most recommended articles
3m ago RBS puts loan to builder Sacyr up for sale at discount - report
4m agoDJAIRBUS : Hawaiian Airlines Finalize Deal for Six A330-800 Jets
7m ago Austria seeks 3.5 billion euro from BayernLB over Hypo purchase
8m agoDJEuropean Stocks Climb Higher
8m agoDJEurozone's Current Account Surplus Narrowed in October
Dynamic quotes