Tuesday, 28 February 2017 14:26

Milk powder rise in value

Written by 
Milk powder rose $48 million in value in January 2017, despite the quantity exported falling by around 19,000 tonnes or 9.4%. Milk powder rose $48 million in value in January 2017, despite the quantity exported falling by around 19,000 tonnes or 9.4%.

Milk powder rose $48 million in value in January 2017, despite the quantity exported falling by around 19,000 tonnes or 9.4%, Statistics New Zealand says.

Milk powder, which made up 56% of the milk powder, butter, and cheese commodity group in January 2017, more than offset lower sales for other goods, leaving overall exports up 0.3% or $13 million.

When compared to the same period of the previous year, milk powder exports have risen in the last four months, after generally falling since September 2009.

“The recent rises in the value of dairy shows exporters are getting a better price for their milk powder exports than they were at this time last year,” international statistics senior manager Daria Kwon said.

“The fall in milk powder quantity this month reflects this, with exporters getting more value for less product.”

China continues to be our top destination for milk powder exports, accounting for 32% of milk powder exports in January 2017, followed by the United Arab Emirates, which accounted for 7.6%.

Crude oil, meat, and fruit all rose in January 2017. These rises were partly offset by falls in other commodities, such as casein, wool, and logs.

The trade balance for January 2017 was a deficit of $285 million. Excluding crude oil exports and imports, the deficit was $36 million.

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

Fencing excellence celebrated

The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards, providing the opportunity to honour both rising talent and industry stalwarts.

B+LNZ launches AI assistant for farmers

Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.

National

Machinery & Products

JDLink Boost for NZ farms

Connectivity is widely recognised as one of the biggest challenges facing farmers, but it is now being overcome through the…

New generation Defender HD11

The all-new 2026 Can-Am Defender HD11 looks likely to raise the bar in the highly competitive side-by-side category.

» Latest Print Issues Online

Milking It

Buttery prize

OPINION: Westland Milk may have won the contract to supply butter to Costco NZ but Open Country Dairy is having…

Gene Bill rumours

OPINION: The Gene Technology Bill has divided the farming community with strong arguments on both the pros and cons of…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter