Milk fat, sheepmeat drive 2.1% gain in NZ commodity prices in June

Wed, 05 Jul 2017

By Jonathan Underhill July 5 (BusinessDesk) - New Zealand commodity prices rose 2.1 percent in June, the fourth monthly gain this year, led by milk fat products and sheepmeat, while wool, wholemilk powder, casein and aluminium fell and apples reversed some of the previous month's surge. The ANZ Commodity Price Index increased to 298 in June from 291.9 in May and was 25 percent higher than the same month a year earlier. The monthly increase was led by a 2.9 percent gain in dairy prices and a 2.8 percent gain in meat prices. Within dairy...

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