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NZ commodity prices drop for fourth month, but falling dollar helps

Posted on 03 October 2011

New Zealand commodity prices fell for a fourth straight month in September as demand for locally produced raw materials comes off its record highs amid signs of a global economic slowdown.
The ANZ Commodity Price Index fell 1.3 per cent to 299.8, and has shed 4 per cent since a peak in May. Still, it’s gained 17 per cent in the past 12 months on burgeoning demand in Asia for raw materials. Of the 17 commodities measured, 10 fell, three gained and four were unchanged in September……………………………………….Full Article: Source


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