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Dairy and fuel push producer prices up
Falling prices for dairy products and higher fuel costs have nudged producer input and output prices up, Stats NZ said today. Overall, producer input prices (the costs producers pay) rose 0.6 percent in the March 2018 quarter. Producer output prices (the prices producers get for their goods and services) rose 0.2 percent in the same period. In the March 2018 quarter, output prices for dairy cattle farmers rose 2.3 percent, while the price for dairy product manufacturing fell 7.0 percent. Input prices for dairy product manufacturing rose 1.7 percent, mainly influenced by a rise in the farm-gate milk price. “An ... (full story)