NZ commodity prices fall further in August says ANZ

Tue, 05 Sep 2017

By Rebecca Howard Sept. 5 (BusinessDesk) - New Zealand commodity prices fell further in August as meat prices dropped and dairy prices largely traded sideways. The ANZ Commodity Price index slipped to 293.2 from 295.7 in July, down 0.8 percent on the month but up 16.3 percent on the year. In New Zealand dollar terms, the index was at 211.2, up 0.2 percent on the month and up 15.8 percent on the year as "the dip in the NZD against most major peers during August helped buffer local returns," said ANZ Bank agri economist Con Williams. M...

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