NZ commodity prices fall 1.3% in March on weaker dairy, forestry, seafood

Tue, 05 Apr 2016

By Tina Morrison April 5 (BusinessDesk) - New Zealand commodity prices fell 1.3 percent in March as weaker dairy, forestry and seafood prices outweighed advances in meat prices. The ANZ Commodity Price Index slid to 230.5 in March from 233.5 in February and was 22 percent down on an annual basis. In New Zealand dollar terms, the index fell 2.9 percent in March for a 14 percent annual decline. Dairy price declines weighed heavily in March, with an 11 percent decline in casein, a 12 percent fall in cheese, and a 7.7 percent drop in butte...

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