NZ commodity prices snap four-month gain as aluminium, whole milk powder drop

Tue, 03 Dec 2013

Dec. 3 (BusinessDesk) - New Zealand commodity prices snapped four months of gains as aluminium and whole milk powder fell, though a weaker kiwi dollar shielded local producers from the decline. The ANZ Commodity Price Index fell 0.4 percent to 326.7 in November and have gained about 21 percent in the year. The index had been edging back toward its April record of 333.5 in the previous month. Six of the 17 commodities tracked fell last month, seven rose and three were unchanged. Aluminium fell 4 percent to a four-year low, whole milk powder d...

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