Monday, 03 December 2012 11:28

Big jump in dairy export volumes

Written by 

Dairy export volumes rose 32% but prices were down 13% in the September 2012 quarter, says Statistics New Zealand.

"Dairy export volumes are at record levels, after adjusting for seasonal effects," Statistics NZ prices manager Chris Pike says. "Dairy values remain at high levels, even though export prices have fallen for five consecutive quarters."
Dairy products made the largest contribution to a 9.7% rise in seasonally adjusted export volumes. Meat export volumes rose 15%. Import volumes rose 0.7% led by intermediate and capital goods.

Export prices fell 6.3%, led by dairy prices (down 13%), while import prices fell 3.3%, led by a fall in petroleum and petroleum product prices (down 13%).

In the September 2012 quarter, the terms of trade fell 3.2%. A fall in the terms of trade means that fewer imports can be funded by the same quantity of exported goods. The terms of trade are 9.1% lower than a year ago.

The price and volume indexes for exports and imports of goods are compiled mainly from overseas merchandise trade data.

More like this

$124m paid out for M.bovis claims

The Ministry of Primary Industries (MPI) has paid out almost $124 million in compensation for claims related to the cattle disease, Mycoplasma bovis.

A bit longer extension would be nice

The Government has extended the deadline for submitting on its freshwater discussion document: farmers say the two-week extension isn’t enough.

Featured

 

Being a good boss during calving

Despite it being a busy time, being a good boss during calving is absolutely achievable, says DairyNZ’s People Team leader Jane Muir.

SFOTY in hot water over social media posts

Organisers of the NZ Dairy Industry Awards are investigating unsavoury social media comments allegedly made by the newly crowned 2020 Share Farmer of the Year, Nick Bertram.

» The RNG Weather Report

» Latest Print Issues Online

Milking It

A ticking timebomb?

There could be another dairy health scare brewing in China and this one starts in our backyard.

Please explain

Does anyone in the Government understand the essential role St John Ambulance has in our society?

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter