NZ producer prices fall in the second quarter as dairy prices decline

Mon, 18 Aug 2014

By Tina Morrison Aug. 19 (BusinessDesk) - New Zealand producers' input and output prices fell in the second quarter of this year as dairy prices declined. Producer output prices, which measure the prices received by New Zealand producers, fell 0.5 percent in the three months ended June 30, Statistics New Zealand said. Input prices, representing the prices of goods and services used by local producers, fell 1 percent in the quarter. Prices for dairy products have weakened this year as farmers increased production to take advantage of hi...

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