NZ commodity prices have strong start to 2019

Tue, 05 Feb 2019

By Rebecca Howard Feb. 5 (BusinessDesk) - New Zealand commodity prices rose in January, arresting the downward trend of the past seven months, ANZ Bank’s monthly commodity price index shows. The world price index rose 2.1 percent last month but was down 2.1 percent from a year earlier. In local currency terms, the index rose 2.9 percent on the month and 3.8 percent on the year. Dairy prices lifted 5.4 percent on the month, driven by an 18.8 percent lift in skim milk powder prices after the sale of European government-held stocks. Oth...

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