NZ commodity prices flatline in September

Thu, 03 Oct 2019

An index of New Zealand commodity prices was unchanged in September as gains in meat, forestry and aluminium offset weaker prices in other sectors. The ANZ world commodity price index was flat in September after eking out a 0.3 percent gain in August. It was 3.4 percent higher than it was a year earlier. In local currency terms, the September index rose 1.4 percent and was up 6.5 percent on the year. Dairy prices eased 0.5 percent in September but ANZ agriculture economist Susan Kilsby said prices are expected to firm in the coming months...

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