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NZ commodities rise for sixth straight month

Posted on 04 February 2013

New Zealand commodity prices rose for a sixth straight month in January led by increasing pelt prices, though the strength of the kiwi dollar ate into the benefits for local producers.
The ANZ Commodity Price Index rose 0.3% last month to a 10-month high of 272.6. In local currency terms, the index fell 0.5% to 177.2, its second monthly decline. The price of pelts climbed 55 to a 12-month high, followed by a 3% gain in log prices and a 2% increase in skim milk powder prices……………………………………..Full Article: Source


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