NZ commodity prices slide 2.3% in January, for a 15% annual drop

Tue, 02 Feb 2016

By Tina Morrison Feb. 2 (BusinessDesk) - New Zealand commodity prices slid 2.3 percent in January, led by declines in wool, skins, cheese and whole milk powder prices. The ANZ Commodity Price Index fell to 232.4 in January, from 238.0 in December, for an annual decline of 15 percent. A fall in the New Zealand dollar limited the drop in the local index to 0.4 percent for the month, or 1.6 percent on an annual basis. "Global commodity prices have started the year on the back foot, driven by falls in oil and industrial metals," ANZ rural...

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