NZ commodity prices rally for 6th month in a row in October

Thu, 03 Nov 2016

By Sophie Boot Nov. 3 (BusinessDesk) - New Zealand commodity prices rose for a sixth consecutive month in October, led by butter, lamb and aluminium, although the strong kiwi dollar limited the benefits for local producers. The ANZ commodity price index rose 0.7 percent last month and is 4 percent higher than the same time last year. In New Zealand dollar terms, prices are 5.3 percent lower than in the same period last year, which ANZ New Zealand agri economist Con Williams said was due to the NZ trade-weighted index being 7 percent highe...

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