WELLINGTON, June 3 (Xinhua) -- New Zealand's export prices jumped 7.1 percent in the March 2025 quarter, fueled by strong gains in dairy, according to the statistics department Stats NZ on Tuesday.
Export prices have been on an upward trend since March 2024 and are now 17 percent higher than a year ago, said Stats NZ international accounts spokesperson Viki Ward.
As the country's top export sector, dairy rose 10 percent over the previous quarter, with milk powder prices up 13 percent, Ward said, adding the increase in dairy prices was shared across all of the major dairy categories, such as butter with prices surging 38 percent year-on-year.
Meat exports, New Zealand's second-largest export group, climbed 7.2 percent quarter-on-quarter, while forestry and fruit exports rose 4.9 percent and 4.6 percent respectively, Stats NZ said, adding import prices also increased, rising 5.1 percent for the quarter.
A weaker New Zealand dollar, down 5.3 percent on the Reserve Bank's trade-weighted index over the year, contributed to higher trade prices, Ward said, adding the currency depreciation supported both import and export price growth. ■
