NZ commodity prices fall 0.9% in January, extending 12-month slide to 19%

Tue, 03 Feb 2015

By Jonathan Underhill Feb. 3 (BusinessDesk) - New Zealand commodity prices fell in January, extending their 12-month slide to about 19 percent, led by casein, wool, beef and aluminium. The ANZ Commodity Price Index fell 0.9 percent in January, the 11th straight decline. In New Zealand dollar terms, the NZD ANZ Commodity Price Index fell 1.2% in January. The NZD index uses monthly averages for the kiwi and the measure for January didn't fully reflect the currency's sharp decline in the second half. Casein dropped 14 percent in January,...

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