• Dairy products led a rise in total exports from New Zeeland

Market news

25 November 2016

Dairy products led a rise in total exports from New Zeeland

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 said today.

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

"We exported more butter for a higher price this month than October last year," international statistics manager Jason Attewell said. "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 percent), and fruit, up $42 million (40 percent), led by kiwifruit (up $33 million).

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.