NZ commodity prices rise for a second month, led by dairy

Tue, 03 Nov 2015

By Tina Morrison Nov. 3 (BusinessDesk) - New Zealand commodity prices rose for a second straight month in October, helped by rebounding dairy prices. The ANZ Commodity Price Index increased 6.9 percent last month, following September's 5.5 percent gain. The index is 12 percent below year earlier levels. The increase was led by a jump in dairy prices, which gained 18 percent from September, continuing their recovery from "extreme lows" in early August, ANZ said. Whole milk powder led the gains, up 26 percent, followed by a 14 percent in...

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