Cheese the toast of latest record NZ commodity prices

Tue, 04 Mar 2014

March 4 (BusinessDesk) – New Zealand commodity prices rose to a record in February, as cheese prices surged to a six-year high. The ANZ Commodity Price Index advanced 0.9 percent to 337.4 from January. The index is 22.4 percent above February 2013. International prices for nine of New Zealand’s main commodities increased in the month, four fell and four were unchanged. Cheese led the gains, up 7 percent from January, paced by butter lifting 6 percent in the month. Casein rose 1 percent to reach a five-year high, while log prices increased 2...

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