NZ commodity prices rise for fourth straight month, wool at 22-month high

Mon, 04 Nov 2013

Nov. 4 (BusinessDesk) - New Zealand commodity prices rose for a fourth straight month, and are now just 1.8 percent below the record set in April, as wool extended its rally to a 22-month high. The ANZ Commodity Price Index rose 1.3 percent in October to 327.6 for an annual increase of 23 percent. In April the index reached 333.5. Eleven of the 17 commodities tracked rose last month, five fell and one was unchanged. Wool rose 10 percent, adding to a September gain of 13 percent. Beef, aluminium, butter, pelts and wood pulp rose 3 percent, w...

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