NZ commodity prices down in January, dragged by wool and dairy weakness

Fri, 03 Feb 2017

By Sophie Boot Feb. 3 (BusinessDesk) - New Zealand commodity prices dipped in January, with wool and dairy weakness counteracting broad-based gains. The ANZ Commodity Price Index fell 0.1 percent in January to 276.8 and was up 19.1 percent on an annual basis. In New Zealand dollar terms the index fell 1.1 percent in the month and rose 8.6 percent on an annual basis as the kiwi lifted against most major trading currencies apart from the Australian dollar. On an annual basis, the dollar is up 8.2 percent against the US dollar, 11 percent ag...

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