NZ commodity prices fall in October on weaker dairy prices

Mon, 06 Nov 2017

By Rebecca Howard Nov. 6 (BusinessDesk) - New Zealand commodity prices fell in October as dairy prices eased although they fared better in New Zealand dollar terms after the kiwi fell to its lowest level in more than a year on a trade-weighted index basis. The ANZ Commodity Price index slipped to 294.6 in October, down 0.3 percent on the month and up 10 percent in the year. In New Zealand dollar terms, the index was at 220.1, up 2.5 percent on the month and 14 percent on the year as "local exporters received a further boost as the NZD co...

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