NZ commodity prices fall for fifth month in August, led by decline in dairy

Wed, 02 Sep 2015

By Tina Morrison Sept. 2 (BusinessDesk) - New Zealand commodity prices fell for a fifth straight month in August, led by a decline in dairy prices to their lowest level in 11 years. The ANZ Commodity Price Index slid 5.2 percent in August, following a 5.5 percent decline in July. The index is 23.5 percent below year earlier levels. The drop was led by a slump in dairy prices, which fell 10.1 percent from July. Skim milk powder fell 16 percent while whole milk powder dropped 11.2 percent and international prices for butter, cheese and...

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