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

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