NZ commodity prices snap 7-month slide, rise 0.5 percent in August, led by dairy

Tue, 04 Sep 2012

Sept. 4 (BusinessDesk) - New Zealand commodity prices snapped a seven-month slide in August, with gains led by dairy products and beef. The ANZ Commodity Price Index rose 0.5 percent last month to be about 15 percent weaker than they were a year ago. Five commodity prices rose, five were unchanged and seven fell in the latest month. August’s gains may offer only a temporary reprieve, with New Zealand’s biggest market of Australia grappling with plunging prices for key export commodities such as iron ore and signs manufacturing has run out of...

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