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Meat and dairy drive New Zealand's producer prices
Higher prices for lamb, beef, and dairy products helped lift prices received by manufacturers, but they also paid more for raw products and power, Stats NZ said today. Overall, producer output prices (the prices producers get for their goods and services) rose 1.3 percent in the June 2017 quarter, while input prices (the costs producers pay) rose 1.4 percent. In the June quarter, meat product manufacturing and dairy product manufacturing rose 6.9 percent and 3.4 percent respectively. Dairy cattle farmers also received higher prices (up 5.8 percent), due to higher farm-gate milk prices. In the June quarter, producer ... (full story)
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