Monday, 28 November 2016 06:55

Dairy leads export rise

Written by 
Dairy products led a rise in total exports in October. Dairy products led a rise in total exports in October.

Dairy products led a rise in total exports in October, but meat and offal exports were down from the same month last year, Statistics New Zealand says.

In October 2016, total goods exports rose $85 million (2.2%). Dairy exports rose $122 million (13%) to $1.1 billion. Butter rose $61 million (29%) and milk powder rose $57 million (12%).

“We exported more butter for a higher price this month than October last year,” international statistics manager Jason Attewell says. “We also exported more milk powder, but prices were similar.”

In October, meat and edible offal exports, our second-largest export commodity group, fell $71 million (18 percent) from October 2015. Beef and lamb exports to the key market of China were down.

Other significant commodity group changes were forestry products, up $74 million (25%), and fruit, up $42 million (40%), led by kiwifruit (up $33 million).

The monthly trade balance was a deficit of $846 million (22% of exports). Excluding one-off imports, the monthly trade deficit was $592 million.

For the year ended October 2016, the annual trade deficit was $3.3 billion.

More like this

$1.3b coronavirus hit looming

Covid-19 is forecast to strip more than $1.3 billion dollars off New Zealand’s primary exports in the coming year, including $390 million off dairy exports.

Featured

 

Change of tune needed

OPINION: It has been some weeks since we have had to face the ideological rhetoric, in any quantity, that has pervaded our lives for much of the last three years – and I haven’t missed it one bit!

Farmers adapt well to new sales model

Fonterra’s rural service subsidiary, Farm Source says farmer shareholders are adapting well to its new trading model under COVID-19 restrictions. 

» The RNG Weather Report

» Latest Print Issues Online

Milking It

Cruelty to cows

The New Zealand Anti-Vivisection Society, a lobby defending animals used in science has turned its attention to Lincoln University.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter