NZ commodity prices rise in July, led by wool

Mon, 05 Aug 2013

Aug 5 (BusinessDesk) - New Zealand commodity prices eked out a small gain last month, snapping two months of declines, led by rising wool prices, according to the ANZ Commodity Price Index. The index rose 0.6 percent to 318 last month, following a 3.7 percent decline in June, for an annual increase of almost 26 percent. In New Zealand dollar terms, the index rose 0.6 percent to 217.2 for a 27 percent annual gain. Of the 17 commodities tracked, nine increased, five fell and three were unchanged. Wool prices showed the biggest increase, risi...

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