Butter | Milk powder, butter, cheese lead New Zealand’s exports fall

New Zealand exports of milk powder, butter, and cheese fell 10 percent to 1.5 billion NZ dollars (900 million U.S. dollars) in June, compared with the same month last year, which led the fall of the goods exports, the statistics department Stats NZ said on Monday.

New Zealand goods exports fell by 0.1 percent in June 2024 to 6.2 billion NZ dollars (3.73 billion U.S. dollars), compared with June 2023, while goods imports fell by 13 percent to 5.5 billion NZ dollars (3.31 billion U.S. dollars), with the monthly trade balance a surplus of 699 million NZ dollars (420.79 million U.S. dollars), Stats NZ said.

Other dairy-based products, including infant formula and casein and caseinates, rose in this period, it said.

Offsetting the fall in exports was an increase in fruit, up 18 percent in this period, which was led by kiwifruit, up 21 percent to 423 million NZ dollars (254.64 million U.S. dollars), Stats NZ said.

Petroleum and products led the fall in imports, with petroleum and products’ imports dropping by 55 percent, statistics show.

You can now read the most important #news on #eDairyNews #Whatsapp channels!!!

🇺🇸 eDairy News INGLÊS: https://whatsapp.com/channel/0029VaKsjzGDTkJyIN6hcP1K

Look also

USDA Projects $45.5 Billion Agricultural Trade Deficit for 2025

The USDA’s latest forecast estimates a record-breaking $45.5 billion trade deficit for U.S. agriculture in fiscal year 2025, surpassing the $42.5 billion projected earlier this year.

You may be interested in

GDT: Economic Alert! Global Dairy Prices Rise by 1.2%

USDA Projects $45.5 Billion Agricultural Trade Deficit for 2025

California suspends distribution of Raw Farm raw milk products after bird flu detection

Topics |
Butter, cheese, exports, Milk Powder

Legal notice about Intellectual Property in digital contents. All information contained in these pages that is NOT owned by eDairy News and is NOT considered “public domain” by legal regulations, are registered trademarks of their respective owners and recognized by our company as such. The publication on the eDairy News website is made for the purpose of gathering information, respecting the rules contained in the Berne Convention for the Protection of Literary and Artistic Works; in Law 11.723 and other applicable rules. Any claim arising from the information contained in the eDairy News website shall be subject to the jurisdiction of the Ordinary Courts of the First Judicial District of the Province of Córdoba, Argentina, with seat in the City of Córdoba, excluding any other jurisdiction, including the Federal.