New Zealand farmers enjoy price rise
The prices received by New Zealand farmers for sheep, beef cattle, and grain farming rose 10% in the September 2015 quarter.
The rise, revealed in the Business Prices Index, follows two consecutive quarterly falls.
In meat and meat product manufacturing, output prices rose by 5.5%. This was due to higher meat export prices that were influenced by a weaker New Zealand dollar. The prices paid for meat and meat product manufacturing was up 8%, influenced by low seasonal volumes in livestock auctions and the weaker New Zealand dollar.
“Prices were up 10% for sheep, beef, and grain farmers,” prices manager Chris Pike said. “This meant meat product manufacturers had an 8% rise in their input prices. The prices they received rose 5.5%, due to higher meat export prices on the back of a weaker New Zealand dollar.”
