NZ commodity prices lift in May as horticulture shines

Fri, 03 Jun 2016

By Tina Morrison June 3 (BusinessDesk) - New Zealand commodity prices lifted in May, led by horticulture. The ANZ Commodity Price Index gained 1 percent in May to 231.1 and was down 12 percent on an annual basis. A lower New Zealand dollar, except if exporting to Australia, saw the New Zealand dollar index advance 2.5 percent in May, although it was down 3.5 percent on an annual basis. "In recent months, prices look to have found a floor that they are now bouncing along," ANZ Bank New Zealand agri economist Con Williams said in his rep...

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