NZ commodity prices post first decline in 2019 as dairy prices weaken

NZ commodity prices post first decline in 2019 as dairy prices weaken
Rebecca Howard
By Rebecca Howard July 3 (BusinessDesk) - New Zealand commodity prices fell for the first time this year last month, dragged down by weaker dairy prices, ANZ Bank's latest monthly commodity index shows. The  ANZ world commodity price index fell 3.9 percent in June and was 2.4 percent lower than it was a year ago. In local currency terms, the June index fell 4.5 percent as the kiwi dollar strengthened. It was 1.9 percent higher on the year. Dairy prices fell 8.5 percent in June, reflecting the recent softening in dairy commodity prices,...

More Primary Sector

Kinleith paper operations to close, loss of 230 jobs
Primary Sector

Kinleith paper operations to close, loss of 230 jobs

Minister Shane Jones says the closure is evidence of de-industrialisation.

Workers brace for Kinleith decision
Primary Sector

Workers brace for Kinleith decision

On Friday, Oji will update staff on a proposal to end paper production at the mill.

Oliver Lewis 13 Feb 2025
Aussie firm buys shuttered Gisborne sawmill
Primary Sector

Aussie firm buys shuttered Gisborne sawmill

Millari Group plans to hire workers and spend $50m upgrading the closed mill.

Oliver Lewis 11 Feb 2025
Comvita profit out by $4m, not $2m
Primary Sector

Comvita profit out by $4m, not $2m

Embattled honey firm uncovers further financial irregularities.

Staff reporters 10 Feb 2025