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

Export prices set to remain elevated

Horticultural prices are set to remain elevated this year, reflecting the balance between demand in key export markets and an increase in supply.

2024 red meat exports end on a high

New Zealand's red meat exports for 2024 finished on a positive note, with total export value increasing 17% over last December to reach $1.04 billion, according to the Meat Industry Association (MIA).

Featured

Big return on a small investment

Managing director of Woolover Ltd, David Brown, has put a lot of effort into verifying what seems intuitive, that keeping newborn stock's core temperature stable pays dividends by helping them realise their full genetic potential.

Editorial: Sensible move

OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.

National

Machinery & Products

» Latest Print Issues Online

Milking It

Cuddling cows

OPINION: Years of floods and low food prices have driven a dairy farm in England's northeast to stop milking its…

Bikinis in cowshed

OPINION: An animal activist organisation is calling for an investigation into the use of dairy cows in sexuallly explicit content…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter