THE overall export price index in this year’s first quarter increased by 3.5 per cent to 142.7 points on increase of coffee, tea, fish and cotton prices implying more gains to country export earnings.
When compared to the corresponding
quarter last year, the export price index increased by ...
11.9 per cent,
the National Bureau of Statistics (NBS) Export and Import Price Indices
for the first quarter this year has shown.
On the other hand, the overall import
price index for the quarter under review increased by 2.6 per cent to
119.5 compared to 116.5 recorded in the preceding quarter.
Likewise, when compared to the same
quarter last year, the index increased by 4.0 per cent to 119.5 of the
first quarter this year. The index for ‘fish and crustacean, mollusk and
other aquatic invertebrate’ which account for 9.5 per cent of the total
weight rose by 3.5 per cent to 154.9 points due to a rise in prices of
fresh and frozen fillet.
The edible vegetables and certain roots
and tubers contributed 1.8 per cent of the total weight of the exported
commodities with its index increasing by 1.9 per cent to 156.3 points in
the first quarter this year from 153.4 points in the fourth quarter.
The export price index for ‘edible
fruits and nuts’ went up by 1.5 per cent to 161.7 points in the first
quarter due to a rise in prices of raw cashewnut and cashewnut kernel.
Coffee, tea, and spices recorded 147.2
points, equivalent to 15.5 per cent increase compared to 127.5 points in
the fourth quarter last year mainly due to a rise in price of tea in
the world market.
During the first quarter this year, the
export price index for cotton increased by 2.4 per cent to 135 points
compared to 131.8 points recorded in the fourth quarter last year mainly
due to the increase of prices of cotton in the world market on account
of strong global demand.
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