NZ commodity prices fall 0.9% in June, fourth straight drop, led by apples

Wed, 02 Jul 2014

By Jonathan Underhill July 2 (BusinessDesk) - New Zealand commodity prices fell for a fourth straight month in June, led by apples, logs, whole and skim milk powder. The ANZ Commodity Price Index declined 0.9 percent last month and is now 6.7 percent below its February peak. Prices of apples declined 6 percent, reflecting the impact of the Northern Hemisphere export season, log prices fell 5 percent and whole and skim milk powder declined 3 percent. Prices of pelts and butter dropped 2 percent while sawn timber and casein both fell abo...

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