NZ commodity prices post biggest monthly decline on record, led by dairy

Tue, 04 Aug 2015

By Tina Morrison Aug. 4 (BusinessDesk) - New Zealand commodity prices fell at their fastest pace on record in July, notching up a fourth straight month of declines to the lowest level in almost six years, led by dairy. The ANZ Commodity Price Index for July fell 11.2 percent to the lowest level since October 2009, and is 27 percent below year earlier levels. Thirteen of the 17 main commodities declined. The drop was led by a slump in dairy prices, which are down 23 percent from June to the lowest level in more than 11 years. Whole milk...

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