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

Wed, 03 Jul 2019

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,...

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