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Commodity prices rise in December

Posted on 10 January 2013

New Zealand commodity prices rose for a fifth straight month in December, led by a surge in pelt prices and gains for aluminium and beef, though a strong New Zealand dollar eroded the benefits to local producers.
The ANZ Commodity Price Index rose 1% in to be 7% up since July last year. The index is still 14% below its April 2011 peak. The NZD Commodity Price Index fell 0.1% “as the lift in the value of the kiwi dollar was greater than the rise in international commodity prices,” ANZ said………………………………………..Full Article: Source


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