NZ commodity prices rise 3% in May, led by a jump in apple, kiwifruit prices

Tue, 06 Jun 2017

By Paul McBeth June 6 (BusinessDesk) - New Zealand commodity prices rose 3.2 percent as a broad-based strength across the country's locally produced raw materials was led by the continued surge in apple and kiwifruit prices. The ANZ Commodity Price Index increased to 291.9 in May from 282.9 in April and was 26 percent higher than the same month a year earlier. That was led higher by a 12 percent gain in horticulture prices, with apple prices up a monthly 7.5 percent and kiwifruit prices rising 14 percent. "A late picking season due t...

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