Monday, 21 November 2016 14:38

Farm-gate milk prices lift producer prices

Written by 
In the September 2016 quarter, producer output prices rose 1%, and producer input prices rose 1.5%. In the September 2016 quarter, producer output prices rose 1%, and producer input prices rose 1.5%.

In the September 2016 quarter, producer output prices rose 1%, and producer input prices rose 1.5%.

The prices received by dairy cattle farmers (up 28%) and paid by dairy product manufacturers (up 22%) were key influences to the increase

“Higher farm-gate milk prices contributed to the September 2016 quarter rises,’’ Statistics New Zealand business prices manager Sarah Williams says.

The forecasted farm-gate milk prices for milk solids rose to $5.25/kg in mid-September 2016, this compares to $4.25/kg in May 2016.

If farm-gate milk prices had remained constant during the September 2016 quarter, both producer output and input prices would have risen 0.3% in the quarter.

More like this

Big ag census coming to an end

Farmers, foresters and orchardists have just a few days left to complete the official agricultural production census, run by Statistics NZ in partnership with MPI.

Efficient cows

New data from Statistics NZ shows that Canterbury had the biggest fall in agricultural emissions, down 2.7%, mainly due to a decline in livestock numbers.

Featured

National

Machinery & Products

» Latest Print Issues Online

Milking It

Trump's tariffs

President Donald Trump’s decision to impose tariffs on imports into the US is doing good things for global trade, according…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter