NZ commodity prices weaken further in July as dairy weighs

Mon, 06 Aug 2018

By Sophie Boot Aug. 6 (BusinessDesk) - New Zealand commodity prices dropped further in July, with five of the six categories weakening as global pressures continued, said ANZ Bank New Zealand. "New Zealand’s goods terms of trade remain high by historical standards, but with export prices turning more mixed and import prices set to lift as global inflationary pressures build, we don’t anticipate any further record breakers any time soon," said ANZ economist Miles Workman. The ANZ commodity price index fell 3.2 percent in July and is dow...

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