NZ commodity prices continue to fall in October as trade worries weigh

Mon, 05 Nov 2018

By Rebecca Howard Nov. 5 (BusinessDesk) - New Zealand commodity prices fell for a fifth month in October, the ANZ's monthly commodity price index shows. "The softening in the New Zealand dollar during October wasn’t sufficient to offset weak global sentiment prevailing in commodity markets," ANZ said. "Trade disruption has dented confidence in NZ’s main export markets, with the impact on China of particular concern, given our exposure to this market." The index fell 2.4 percent in October and is now down an annual 5.6 percent, the lar...

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