Commodity prices fall for eighth month in October

Tue, 04 Nov 2014

By Suze Metherell Nov. 4 (BusinessDesk) - New Zealand commodity prices fell for the eighth consecutive month in October, to the lowest level since March last year, as signs of recovery in dairy prices were offset by a drop in the price of pelts. The ANZ Commodity Price Index slipped 0.8 percent last month, its second smallest decline since February, and is 14 percent below the February peak. The price of pelts slumped 14 percent, their seventh consecutive monthly fall, taking them to their lowest level in 22 months. Meanwhile, dairy pr...

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