NZ commodity prices post fourth month of gains, rising 1 percent

Tue, 04 Dec 2012

Dec. 4 (BusinessDesk) – New Zealand commodity prices rose for a fourth straight month in November, led by pelts, beef and wood pulp. Lamb prices fell to a 31-month low. The ANZ Commodity Price Index rose 1 percent last month with 10 commodity prices gaining, four declining and three unchanged. A firmer New Zealand dollar meant the gain in the ANZ NZD Commodity price Index was a slightly lower 0.9 percent. “The increase in NZD commodity prices is an encouraging development, and if sustained looks set to contribute to a lift in the goods term...

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