NZ commodity prices lift 0.7% on month in January

Mon, 05 Feb 2018

By Rebecca Howard Feb. 5 (BusinessDesk) - New Zealand commodity prices rose slightly in January with meat, dairy, forestry and aluminium prices all lifting; the only fall was seen in milkfat products. The ANZ Commodity Price index rose 0.7 percent to 288.2 in January and was up 4.1 percent in the year. It was the first rise since September. However, in New Zealand dollar terms the index dropped 2.9 percent to 211.0 on the month, paring the annual gain to 4.8 percent, as the New Zealand dollar "continued to squeeze higher against major tr...

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