04.10.2010 - ANZ commodity price index nears high
From Tvnz.co.nz: The ANZ commodity price index rose for the first time in four months in September, with a 2.9 percent increase which took it to less than 1 percent below its all time high recorded in May. The largest lift in commodity prices last month was for wool, up 12 percent to hit a 14-year high. "The lift in wool prices is likely to be attributable to higher prices for cotton (of which wool is a competing fibre) and renewed demand from Middle East and European markets, which has coincided with a run down in wool inventories globally," ANZ economist Steve Edwards said...........................................Full Article: Source
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