NZ commodity prices fall 1% in June as whole milk powder, beef drop

Wed, 04 Jul 2018

By Rebecca Howard July 4 (BusinessDesk) - New Zealand commodity prices fell in June, weighed by whole milk powder and beef prices but while the shine has come off New Zealand's goods terms of trade recently, they remain elevated by historical standards, said ANZ Bank New Zealand. The ANZ commodity price index fell 1 percent in June and is up 2.2 percent from a year earlier. In New Zealand dollar terms, the index fell 1.1 percent in June but was up 7.4 percent on the year. According to ANZ, the New Zealand dollar had a "topsy-turvy" month...

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