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RBA commodity price index at 47-month low

Posted on 04 March 2014

Export commodity prices fell in February to their lowest level in almost four years. The Reserve Bank of Australia’s index of commodity prices was 1.3 per cent lower in foreign currency terms in the month.
Coking coal and iron ore were the most important contributors to the monthly fall and were partly offset by a rising gold price, the RBA said on Monday. The RBA said the prices of many base metals fell, while many rural commodities enjoyed price rises………………………………………..Full Article: Source


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