NZ commodity prices rise 1.3 percent in October, led by wool, cheese

Fri, 02 Nov 2012

Nov 2 (BusinessDesk) – New Zealand commodity prices rose for the third straight month in October, led by gains in wool and dairy products while aluminium fell. The ANZ Commodity Price Index rose 1.3 percent last month with 12 commodity prices gaining two declining and three unchanged. A slightly firmer New Zealand dollar meant the gain in the ANZ NZD Commodity price Index was a slightly lower 1 1 percent. Wool prices rose 5 percent, the second monthly gain following declines in 11 of the preceding 12 months. Cheese rose 4 percent while butt...

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