Commodity prices fall for ninth month in November, led by milk powder

Tue, 02 Dec 2014

By Suze Metherell Dec. 2 (BusinessDesk) - New Zealand commodity prices declined for the ninth consecutive month in November, to the lowest level since February last year, as milk powder prices fell to five-year lows. The ANZ Commodity Price Index dropped 1.6 percent to 286.3 last month, 12.4 percent lower than its reading the same month a year ago and the lowest for a November month since 2012. Skim milk powder fell 7 percent, while whole milk powder dropped 6 percent, with both series at their lowest since 2009. Today's data comes ahe...

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