NZ commodity prices rise in September, snapping five-month decline

Fri, 02 Oct 2015

By Paul McBeth Oct. 2 (BusinessDesk) - New Zealand commodity prices rose in September, following the sharp rebound in dairy prices, and snapping a five-month decline for locally produced raw materials. The ANZ Commodity Price Index rose 5.5 percent to 239.5 last month, matching its July level. In New Zealand dollar terms prices climbed 9.3 percent to 199.4. On an annual basis, world prices were down 18 percent, and up 2.7 percent in New Zealand dollar terms. "Dairy and aluminium drove the increase in the overall index, while falls were...

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