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Commodity prices fall in May: RBA

Posted on 04 June 2013

Australia’s export commodity prices fell in May, the second monthly fall, following a run of three increases. The Reserve Bank of Australia’s index of commodity prices fell by 2.6 per cent in the month in foreign currency terms.
Commodity prices peaked in July 2011 and are now down by 20.1 per cent from that high, but still more than 200 per cent higher than 10 years ago before the commodities boom started to lift prices. The RBA said the main contributors to the fall in May were iron ore, gold and coal………………………………………..Full Article: Source


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