NZ commodity prices edge up in March on higher meat, wool prices

Wed, 05 Apr 2017

By Paul McBeth April 5 (BusinessDesk) - New Zealand commodity prices edged higher in March as wool prices bounced from a slump and red meat continued to attract buyers. The ANZ Commodity Price Index rose 0.4 percent in March to 283.5 and was up 3.4 percent in local dollar terms to 209.4 in a month when the kiwi depreciated against its major trading partners. Wool prices were the biggest gainer in the month, up 8.6 percent, which ANZ Bank New Zealand agri economist Con Williams said was due to bargain hunters chasing cheap product and...

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