NZ producer input, output prices rise in 2Q, led by dairy

Sun, 18 Aug 2013

Aug. 19 (BusinessDesk) – New Zealand producer input and output prices both rose in the second quarter, led by dairy products after Fonterra Cooperative Group lifted its forecast farmgate payout to farmers and prices rose for exports of milk powder, cheese and butter. The input Producers Price Index rose 0.6 percent in the second quarter, following a 0.8 percent gain in the first three months of the year, according to Statistics New Zealand. The output PPI gained 1 percent after a 0.8 percent increase in the first quarter. Prices of dairy pro...

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