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Saturday 25 June 2022

Dairy, beef drive export growth due to higher prices

29th April 2022 By Staff Reporter | news@foodticker.co.nz | @foodtickernz

The value of total good exports rose strongly in March 2022, driven by increases in dairy products, beef, and aluminium.

But these increases were mainly the result of higher prices, said Stats NZ.

Exports of dairy products – milk powder, butter, and cheese commodity group – led the rise, up by $461m or 30% to $2bn, compared to March last year. Exports of milk powder, butter, and cheese in the 2021-22 season to date, August to March, were 18% higher in value, but 6.7% lower in quantity than in 2020-21.

Stats NZ said the rise was led by milk powder, up $180m or 33% on a year earlier. The rise was price-led, as quantities exported fell 9.3%.

Rises in butter, up $111m or 44%, cheese up $71m or 27%, and milk and cream up $56m or 33% were also price-led.

In March 2022, total goods exports rose $978m or 17% from March 2021 to reach $6.7bn.

 

 


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