NZ commodity prices rise in August as dairy extends rally

Mon, 05 Sep 2016

By Paul McBeth Sept. 5 (BusinessDesk) - New Zealand commodity prices rose for a fourth month in August as the rebound in dairy continued, although a strong kiwi dollar limited gains for local producers. The ANZ Commodity Price Index increased 3.2 percent in August and was up 11 percent from a year earlier, led by higher prices for dairy, seafood, meat and aluminium products. In New Zealand dollar terms, prices rose 1.9 percent in August, but were down 0.5 percent from a year ago as the strong kiwi stifles export returns. Dairy prices...

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