Terms of trade rise 1.9% on record meat prices
Swine flu in China is driving up demand for meat.
Nevil Gibson
Mon, 02 Dec 2019
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NBR Focus: The Accountants 2024
The merchandise terms of trade rose 1.9% in the September quarter, as export prices rose more than import prices.
The overall terms of trade were just 0.7% below the peak of late 2017, Westpac senior economist Michael Gordon said, when export prices for dairy and meat were also high.
Terms
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Nevil Gibson
Mon, 02 Dec 2019
Contact the Writer: nevil.gibson2013@gmail.com
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Terms of trade rise 1.9% on record meat prices
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