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Monthly ANZ Commodity Price Index rises 7.4pct in March

Posted on 02 April 2013

The ANZ Commodity Price Index rose 7.4% in March, led by whole milk powder, pelt, butter and skim milk powder prices, in its third strongest monthly rise ever. ANZ economist Steve Edwards said the index, at 296.1, was now just 6% below its all time high, which was recorded in April 2011.
The only two months when the index has risen by more are November 2009 and April 1986 when it posted 11.13% and 8.84% increases, respectively. “Underpinning the latest lift was a strong jump in dairy and pelt prices,” says Edwards………………………………………..Full Article: Source


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