NZ commodity prices rise for eighth month, buoyed by dairy recovery

Thu, 12 Jan 2017

By Rebecca Howard Jan. 12 (BusinessDesk) – New Zealand commodity prices rose in December, the eighth consecutive monthly gain, as dairy prices continued to improve. The ANZ Commodity Price Index advanced 0.7 percent in December to 277.3 and was up 16.5 percent on an annual basis. In New Zealand dollar terms the index increased 2 percent in the month and rose 9.4 percent on an annual basis as the kiwi eased against the greenback and the British pound. Dairy was the standout performer as tight global milk supplies and improved Chinese im...

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