NZ commodity prices at 17-month high as dairy rallies

Wed, 05 Oct 2016

By Sophie Boot Oct. 5 (BusinessDesk) - New Zealand commodity prices rose for a fifth month in September, driven by dairy, although the strong kiwi dollar limited the benefits for local producers. The ANZ commodity price index increased 5.1 percent last month, bringing it to a 17-month high. In New Zealand dollar terms, prices rose 3.9 percent in the month and are 5 percent lower than in the same period last year. The release of the commodity price index follows the results of the latest GlobalDairyTrade auction this morning, where dair...

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