Agribusiness

Meat and dairy up in December 2018

cattle farm land stock image

The volume of meat and dairy product manufacturing rose in the December 2018 quarter, Stats NZ said.

After adjusting for seasonal effects, the volume of total manufacturing sales rose 2.0 percent in the December 2018 quarter. A 4.0 percent boost in meat and dairy product manufacturing led the rise.

“The meat and dairy industry rebounded after a strong fall in the September (2018) quarter,” manufacturing statistics manager Sue Chapman said.

“Most meat and dairy products in New Zealand are exported and occasionally, the timing of exports, price changes, and exchange rates can affect manufacturing sales.”

Sales volumes for nine of the 13 industries rose in the December 2018 quarter. The largest movements were in meat and dairy products (up 4.0 percent), and petroleum and coal products (up 4.1 percent).

The largest decrease came from chemical, polymer, and rubber product manufacturing (down 3.2 percent).

“The fall in the chemicals industry comes after a rebound in the September (2018) quarter, which followed a low June (2018) quarter when unexpected outages at a processing plant restricted methanol production,” Ms Chapman said.

Manufacturing sales values fall 0.5 percent

In current prices, sales values for the December 2018 quarter fell 0.5 percent ($135 million) compared with the September 2018 quarter.

Petroleum and coal product manufacturing, and chemical, polymer, and rubber product manufacturing had the largest movements, up 3.7 percent ($97 million) and down 3.7 percent ($97 million), respectively.

Source: Stats NZ

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