NZ commodity prices rise to a record in January, led by butter

Tue, 04 Feb 2014

Feb. 4 (BusinessDesk) – New Zealand commodity prices rose to a record in January, led by gains in butter. The ANZ Commodity Price Index advanced 1.2 percent to 334.3 from December. The index is 23 percent above January 2013. International prices for 10 of New Zealand’s main commodities increased in the month, three fell and four were unchanged. Butter prices led the gains, up 4 percent from December and 33 percent above January last year. Prices of wood pulp and skim milk powder rose 3 percent, while wool, cheese and whole milk powder price...

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