NZ commodity prices fall in July on slide in dairy, forestry prices

Mon, 05 Aug 2019

By Rebecca Howard Aug. 5 (BusinessDesk) - New Zealand commodity prices fell in July, weighed by the recent fall in forestry and dairy prices. The ANZ world commodity price index fell 1.4 percent in July after falling 3.9 percent in June. The July index was 0.5 percent lower than it was a year ago. In local currency terms, the July index fell 2.8 percent but was up 0.3 percent on the year. The forestry price index fell 8 percent as demand from China for logs fell away, said ANZ agriculture economist Susan Kilsby. A high level of supply...

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