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 Mission Hospital's State-of-the-Art Neuroscience & Spine Institute Offers World-Class, Integrated Care For Neurological And Spine Conditions
<1m ago BANCROFT FUND : Releases Monthly Portfolio Data
<1m ago CIO Review Names ARCHIBUS in Top 20 Proven Tech Solution Providers for Government
1m ago Banks spend more on IT, hoping the cloud is silver-lined
1m ago RESEARCH AND MARKETS : Prefeasibility Report on a Sunflower Oil Processing Plant
1m ago COATES INTERNATIONAL, LTD. : $10 Million Equity Line of Credit Arrangement Declared Effective
3m ago WOLTERS KLUWER : Poverty, not bias, explains racial/ethnic differences in child abuse
3m ago Opower and FirstFuel Announce Global Strategic Partnership
3m ago PRUDENTIAL FINANCIAL : enhances life insurance product portfolio
3m ago ReWalk Robotics Ltd. Announces Closing of Initial Public Offering, Including Full Exercise of the Underwriters' Option to Purchase Additional Shares
Latest news
Advertisement
Hot News 
DIXONS CARPHONE : to keep on 800 Phones 4u staff
Endo offers to buy Auxilium Pharma for about $2.2 billion
DRESSER RAND : Modification/Amendment - Sole Source Services contract to Dresser-Rand for OEM Equipment Maintenance
3LEGS RESOURCES : Bows Out Of Baltic Basin Concessions
E I DU PONT DE NEMOURS : DuPont Photovoltaic Solutions and Yingli Solar Collaborate on China Solar Power Project
Most Read News
1d ago ADOBE SYSTEMS : revenue forecast misses, shares slip
1d ago BARCLAYS : N.Y. says Barclays move to toss fraud case should be denied
1d ago RAYTHEON : House Ways and Means Committee - Hearing
1d ago DELTA AIR LINES : announces Los Angeles-San Antonio nonstop flights, starting in April
2h ago SAMSUNG ELECTRONICS : IPhone emerges from 'bygone era', reviewers hail bigger handset
Most recommended articles
<1m ago Banks spend more on IT, hoping the cloud is silver-lined
4m ago HOME DEPOT : JPMorgan Chase replacing some cards due to Home Depot breach
4m ago Deutsche Boerse stopped seeking Chinese listings a year ago
5m ago EUR/USD Vulnerable to Hawkish Fed- Outlook May Hinge on T-LTRO
6m ago Wall St flat as Fed statement looms
Dynamic quotes  
ON
| OFF