NZ commodity price slide slowed in December - ANZ

Wed, 09 Jan 2019

By Gavin Evans Jan. 9 (BusinessDesk) - New Zealand commodity prices fell for a seventh straight month in December, with gains in log, beef and lamb prices not enough to offset weaker dairy returns, ANZ Bank’s monthly commodity price index shows. The world price index fell 0.2 percent last month, the smallest of the recent declines, and ended 2018 3.4 percent lower than a year earlier. In local currency terms, the index fell 0.9 percent in December and was down 2.2 percent for the year. “A strong year for forestry prices was not suff...

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