Biggest NZ commodity price fall since 2008 in April, led by dairy

Mon, 04 May 2015

By Tina Morrison May 4 (BusinessDesk) - New Zealand commodity prices had their biggest decline since the height of the global financial crisis in 2008, led by falling dairy product prices. The ANZ Commodity Price Index fell 7.4 percent in April, the biggest decline since October 2008, when it fell by the same amount. The latest decline has reversed most of the gains seen since the start of the year, with prices 15 percent lower than a year ago. Dairy product prices led declines, down 15 percent to be a third lower than a year ago, on w...

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