NZ commodity prices rise for third straight month; dairy, meat lead gains

Wed, 03 Aug 2016

By Jonathan Underhill Aug. 3 (BusinessDesk) - New Zealand commodity prices rose for a third straight month in July, led by dairy products, aluminium and meat, although the strong kiwi dollar limited the benefits for local producers. The ANZ commodity price index rose 2 percent last month, bringing its three-month gain to 6.9 percent. In New Zealand dollar terms, prices have gained just 2.5 percent in the past three months and are 5.7 percent lower than in the same period last year. The release of the commodity price index follows the r...

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