国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Terms of trade in New Zealand slip on lower dairy prices in Q4

Source: Xinhua| 2019-03-01 09:58:59|Editor: WX
Video PlayerClose

WELLINGTON, March 1 (Xinhua) -- Falling global prices for milk powder and butter meant overall export prices dropped 1.7 percent in the December quarter of 2018, New Zealand's statistics department Stats NZ said on Friday.

Due to lower export prices, and rising import prices, the terms of trade fell 3 percent in the December quarter, the biggest fall since the September 2015 quarter, Stats NZ said, adding despite the latest fall, the terms of trade remained near the historic high in the December 2017 quarter.

The terms of trade measures the purchasing power of New Zealand's exports abroad and is an indicator of the state of the overall economy. A fall in the terms of trade means the country can buy fewer imports for the same amount of exports, it said.

Overall, dairy product export prices fell 5.7 percent in the December 2018 quarter. Prices for milk powder, a key export, fell 6.2 percent and butter prices also fell from their recent high levels. Dairy product volumes fell 1.3 percent, while values fell 6.8 percent, statistics showed.

"While the Global Dairy Trade price index has been increasing recently, there's often a lag between an auction price and when that order is filled," business prices delivery manager Sarah Johnson said in a statement.

"The export price fall in the December quarter likely reflects falling global dairy auction prices between June and November 2018," Johnson said.

Import prices rose 1.4 percent in the December 2018 quarter, driven mainly by crude oil, diesel, and petrol prices; petroleum and petroleum product prices rose 7.5 percent overall, Stats NZ said.

Petroleum product prices have increased for the last five quarters. Prices for crude oil, diesel, and petrol were all up in the December quarter, which were 10 percent, 4.5 percent, and 3.9 percent, respectively, it said.

Petroleum and petroleum product volumes fell 15 percent, while values fell 8.6 percent in the latest quarter, the department added.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100901378597561
主站蜘蛛池模板: 广德县| 运城市| 溆浦县| 安义县| 洪洞县| 渝北区| 平阳县| 岳阳县| 喀什市| 卢湾区| 安图县| 十堰市| 华阴市| 湘西| 建始县| 荣成市| 陆河县| 宁武县| 自治县| 信阳市| 广水市| 长武县| 诏安县| 昆山市| 长汀县| 蒙山县| 邵阳市| 江西省| 延寿县| 凌源市| 竹山县| 嘉义县| 丰镇市| 沐川县| 大石桥市| 乌兰浩特市| 汉中市| 竹溪县| 特克斯县| 玉屏| 兰考县|