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New Zealand meat manufacturing industry bounces back

Post a commentBy Aidan Fortune , 09-Sep-2017

The meat manufacturing industry in New Zealand saw growth in the three months to July 2017
The meat manufacturing industry in New Zealand saw growth in the three months to July 2017

The volume of meat and dairy product manufacturing in New Zealand rose in the March to June quarter of 2017 according to data from Stats NZ. 

This comes after two quarters of decline. Sales values also rose, coinciding with high prices.

After adjusting for seasonal effects and removing price changes, the meat and dairy product manufacturing volume rose 8.2% in the quarter.

“The rise in the meat and dairy sales volume followed falls in the previous two quarters,” said manufacturing manager Sue Chapman.

Overseas Trade Indexes reported the dairy export volume rose 19%, while the meat export volume rose 2.5% during the quarter.

Sales values were also up 13%, reflecting increases in both meat and dairy product prices. Business Price Indexes reported a 3.4% rise in dairy product manufacturing output prices in the June 2017 quarter. Prices for meat and meat product manufacturing outputs rose 6.9%.

The volume of total manufacturing sales rose 1% in the June quarter, after a 0.2% fall in the March quarter.

The actual volume of total manufacturing sales was up 0.4% on the same period in 2016. When price changes are included, the value of manufacturing sales was $26.6 billion in the March to June 2017 quarter, up $2.3 billion from the 2016 quarter.

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