NZ commodity prices fall in November, led by weak dairy

Fri, 04 Dec 2015

By Tina Morrison Dec. 4 (BusinessDesk) - New Zealand commodity prices fell in November, led lower by weak dairy prices. The ANZ Commodity Price Index slid 5.6 percent in November, snapping two months of gains. The index is 15 percent below year earlier levels. November's decline was led by falling global dairy prices, which slid 9.4 percent. Dairy prices have weakened this year, as increased supply and lacklustre demand weigh on the market. "The decline centred on New Zealand's key exports of milk powder and butter," ANZ Bank New Ze...

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