NZ commodity prices fall for first time in four months in March, as cheese, milk powder decline

Wed, 02 Apr 2014

April 2 (BusinessDesk) – New Zealand commodity prices dropped for the first time in four months in March as cheese and milk powder declined. The ANZ Commodity Price Index fell 0.1 percent to 337 from February. The index is 14 percent above its level of March 2013. International prices for 10 of New Zealand’s main commodities increased in the month and three fell. The price of whole milk powder led the decline, down 6 percent, while prices for skim milk powder and cheese dropped 2 percent. Dairy product prices fell 8.9 percent in Fonterra Coo...

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