NZ commodity prices fall for sixth consecutive month in November

Wed, 05 Dec 2018

By Rebecca Howard Dec. 5 (BusinessDesk) - New Zealand commodity prices fell for a sixth straight month in November with the strong kiwi dollar denting returns, ANZ Bank New Zealand's monthly commodity price index shows. “The fall in world prices was accentuated by the stronger NZD, which was up 3.4 percent month-on-month on a trade-weighted basis," ANZ agri-economist Susan Kilsby said. Annual growth in the NZ dollar index slipped into negative territory for the first time since October 2016, she added. The world price index fell 0.6 p...

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