NZ commodity prices fall for third month in June to 3-year low

Thu, 02 Jul 2015

By Tina Morrison July 2 (BusinessDesk) - New Zealand commodity prices fell for a third consecutive month in June to a three-year low, on weakness in aluminium, dairy, and meat. The ANZ Commodity Price Index for June declined by 3.1 percent, following a 4.7 percent fall in May and a 7.4 percent drop in April. The index is now about 20 percent lower than June last year. Weaker commodity prices are weighing on New Zealand economic growth, which grew at the slowest quarterly pace in two years in the first three months of the year. Prices i...

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