NZ commodity prices lift on month in May in fifth consecutive rise

Wed, 06 Jun 2018

By Rebecca Howard June 6 (BusinessDesk) - New Zealand commodity prices rose in May marking their fifth consecutive rise, bolstered by cheese, skim milk powder and lamb. New Zealand dollar returns were helped by a decline in the currency against most major trading partners. The ANZ commodity price index increased 1.5 percent in May and is up 5.4 percent from a year earlier In New Zealand dollar terms, the index gained 5 percent in May and 6.8 percent on the year. Dairy prices rose 1.5 on the month in May, supported by slowing global...

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