NZ commodity prices largely unchanged in May

Thu, 06 Jun 2019

By Rebecca Howard June 6 (BusinessDesk) - New Zealand's commodity prices were unchanged in the month of May and were slightly higher on the year, the ANZ Bank's monthly commodity price index shows. The ANZ world commodity price index was unchanged in May having gained 2.6 percent in April. The index is 0.7 percent higher than a year earlier. In local currency terms, the May index rose 2.3 percent in the month of May and was 5.7 percent higher on the year, bolstered by the softer New Zealand dollar. In May, dairy prices gained a further...

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