NZ producer input, output prices rise on rebound in dairy

Mon, 21 Nov 2016

Nov. 21 (BusinessDesk) - New Zealand producer input and output prices rose in the third quarter, largely on the back of the rebound in prices of dairy products and the resulting upgrades to the farmgate milk payout. Prices paid by producers - input prices - rose 1.5 percent in the three months ended Sept. 30, while output prices, or prices received by producers, rose 1 percent, Statistics New Zealand said. Last week Fonterra Cooperative Group raised its forecast payout to farmers by 75 cents to $6 per kilogram of milk solids for the 2016-...

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