NZ commodity producers had 'a year to forget' in 2015, ANZ says

Tue, 12 Jan 2016

By Tina Morrison Jan. 12 (BusinessDesk) - Commodity producers had "a year to forget" in 2015, with many products falling below the cost of production although there are signs things might start picking up, according to ANZ Bank New Zealand, the country's largest rural lender. The ANZ Commodity Price Index dropped 13 percent to 238.0 in 2015, following a 17 percent fall in 2014. A fall in the kiwi dollar limited the 2015 annual decline of the NZD Index to 1.1 percent. Aggressive, broad-based declines in commodity prices since early 2014...

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