NZ commodity prices fall from record in May, weighed down by dairy products

Wed, 05 Jun 2013

By Tina Morrison June 5 (BusinessDesk) – New Zealand commodity prices fell from a record in May, weighed down by lower prices for dairy products. The ANZ Commodity Price Index dropped 1.6 percent to 328.2 in May, its second-highest level, from 333.5 in April. Six commodity prices weakened, nine strengthened and two were unchanged. Prices for dairy products dropped 5 percent but remained the second-highest on record. Skim milk powder led the decline, falling 12 percent. Butter prices fell 7 percent, beef slid 5 percent and whole milk powder...

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