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NZ commodities rise 3.5pct in strong month

Posted on 02 October 2012

New Zealand commodity prices rose for a second month in September, in the strongest monthly gain in a year-and-a-half, led by skim milk powder and aluminium. The ANZ commodity price index rose 3.5 per cent last month, about 14 per cent weaker than the same month a year ago. Excluding dairy prices the index rose 0.5 per cent.
The largest increase was shared by skim milk powder and aluminium, both up 11 per cent, followed by butter and whole milk powder up 8 per cent, wool and apple prices gaining 6 per cent, cheese climbing 5 per cent, venison up 2 per cent and logs and beef rising 0.5 per cent………………………………………..Full Article: Source


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