Wednesday, 20 November 2013 14:34

Dairy pushes up producer prices

Written by Pamela Tipa

font size decrease font size increase font size
Print
Email

PRICES RECEIVED BY New Zealand producers, as measured by the output producers price index (PPI), rose 2.4% in the September 2013 quarter, Statistics New Zealand says.

"The September quarter output producers price index had its biggest quarterly rise in five years. Higher farm-gate milk prices for dairy farmers and strong prices for milk powder exports contributed to this rise," prices manager Chris Pike says.

Two major upward contributions to the output PPI came from dairy cattle farming (up 29%) and dairy product manufacturing (up 14%). In contrast, electricity and gas supply prices fell 4.4% in the September 2013 quarter.

The input PPI, representing the prices of goods and services used by New Zealand producers, rose 2.2% in the September 2013 quarter. The latest increase was influenced by the higher milk prices paid by dairy producers, and higher prices for lamb and beef – due to strong demand and tight supply.

In the year to the September 2013 quarter, the output PPI was up 4.1%, while the input PPI rose 3.3%.

Featured

Alliance announces capital raise roadshow

Alliance has announced a series of capital raise roadshow event, starting on 29 September in Tuatapere, Southland.

Editorial: Changes to Paris deal

OPINION: Everyone wants to go to heaven, but nobody wants to die.

Pāmu launches equity partnership at Mahiwi Farm

State farmer Pāmu (Landcorp) has announced a new equity partnership in an effort to support pathways to farm ownership for livestock farm operators.

Rural contractors call for overhaul of ag vehicle rules

Following a recent overweight incursion that saw a Mid-Canterbury contractor cop a $12,150 fine, the rural contracting industry is calling time on what they consider to be outdated and unworkable regulations regarding weight and dimensions that they say are impeding their businesses.

NZ seeks certainty on US tariff, says McClay

Trade Minister Todd McClay says his officials plan to meet their US counterparts every month from now on to better understand how the 15% tariff issue there will play out, and try and get some certainty there for our exporters about the future.

Ōpōtiki grower wins 2025 Kiwifruit Innovation Award

Brett Wotton, an Eastern Bay of Plenty kiwifruit grower and harvest contractor, has won the 2025 Kiwifruit Innovation Award for his work to support lifting fruit quality across the industry.

National

Trial shows benefits of spring nitrogen use

A landmark New Zealand trial has confirmed what many farmers have long suspected - that strategic spring nitrogen use not…

Eric Roy: Championing the pork industry

It was recently announced that former MP and Southland farmer Eric Roy has stepped down of New Zealand Pork after…

Roadmap set to double hort exports by 2035

It's critical that the horticulture sector works together as part of a goal to double the sector’s exports by 2035.

RaboResearch sees positives in Alliance–Dawn Meats deal

RaboResearch, the research arm of specialist agriculture industry banker Rabobank, sees positives for the Alliance Group in its proposed majority-stake…