Member access

4-Traders Homepage  >  News

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
Recommend:
0
   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

Recommend :
0
React to this article
Latest news
Date Title
1m ago SKYMARK AIRLINES : - In talks with Airbus about changing order for A380s
4m ago GENERAL GROWTH PROPERTIES : Q2 FFO Rises 12%; Backs 2014 Outlook
6m ago KOGI IRON : Section 708A Notice
6m ago KOGI IRON : Appendix 3B
6m ago CARNARVON PETROLEUM : Phoenix South-1 Well Update
6m ago KOGI IRON : Issue of shares and options
6m ago QUICKSILVER RESOURCES : Files Application to Export Liquefied Natural Gas from Discovery LNG
12m ago AP EAGERS : Change of Director’s Interest Notice - HENLEY
12m ago AUSTEX OIL : Company Video Presentation
12m ago NFU NATIONAL FARMERS UNION : Illinois Farmers Union Announce Strong Support for Chicago Ordinance Offering E15 at Self- Service Pumps
Latest news
Advertisement
Hot News 
STADIUM : Buys United Wireless For Up To GBP8 Million Cash And Shares
EL POLLO LOCO : Prices Its Initial Public Offering
FAMILY DOLLAR STORES : Dollar Tree, Inc. : to Acquire Family Dollar Stores, Inc. to Create North America’s Leading Discount Retailer
ARMSTRONG WORLD : Reports Second Quarter 2014 Results
FLOWGROUP : Director/PDMR Shareholding
Most Read News
4h ago MASCO : Delivers Operating Growth in Second Quarter 2014
44m ago DARDEN RESTAURANTS : CEO to step down amid investor pressure, stock jumps
4h ago ELECTRONICS FOR IMAGING : InnoMark Communications Targeting Efficiency in Comprehensive Production with EFI Radius Software
1h agoDJQBE INSURANCE : Warns 1st Half Results Won't Meet Expectations
4h ago SILICON MOTION TECHNOLOGY : Announces Results for the Period Ended June 30, 2014
Most recommended articles
<1m ago SKYMARK AIRLINES : - In talks with Airbus about changing order for A380s
24m ago EXCLUSIVE - FLASH SALE SITE RUE LA LA EXPLORES SALE; GILT INTERESTED : sources
24m ago China brands beat global rivals with tea toothpaste & pickled plums
41m ago Crude Oil Aiming Lower, US Dollar Rally Pauses at Six-Week High
44m ago DARDEN RESTAURANTS : CEO to step down amid investor pressure, stock jumps
Dynamic quotes  
ON
| OFF