NZ commodity prices gained 15% in 2024

Meat was a standout performer. (Image: Getty)

Wed, 08 Jan 2025

The ANZ World Commodity Price Index lifted 15% year-on-year in 2024, with the largest gains made by dairy and meat. The index was up 0.2% month-on-month in December. In New Zealand dollar terms the NZD Trade Weighted Index lifted by 3.6% month-on-month in December and was up 24.7% in 2024 versus the prior year. The meat and fibre index rose 23% in 2024 but eased 0.3% month-on-month in December. Wool prices also retreated by 2.7%,but still finished 2024 up 19.6% versus the prior year.Dairy prices lifted just 0.1% m...

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