NZ commodity prices fall in April, led by weaker dairy products

Wed, 04 May 2016

By Tina Morrison May 4 (BusinessDesk) - New Zealand commodity prices fell in April, led by weaker prices for dairy products. The ANZ Commodity Price Index slid 0.8 percent in April to 228.7, and was down 17 percent on an annual basis. In New Zealand dollar terms, the index dropped 2.8 percent in April and was down 8.5 percent on an annual basis as the kiwi strengthened against the greenback. "Dairy prices, notably butter, cheese and casein weighed heavily," ANZ Bank New Zealand agri economist Con Williams said in his report. "These pro...

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