NZ data: ANZ Commodity Price index for April: -0.8% m/m (prior -1.3%)

Author: Eamonn Sheridan | Category: News

New Zealand data on commodity export prices

  • Down 16.8% y/y
Comments from ANZ:
  • Dairy prices weighed heavily
  • Prices also fell for beef
  • better performers in April were prices for lamb ... aluminium
  • Renewed NZD/USD strength saw NZD prices decline 2.8% in April. Since the start of the year world prices in the index have fallen 1.6%, but NZD prices were down 5.7% over the same period.
  • Commodity prices are roughly one-third below early 2014 peaks in world price terms, but are around one quarter below historic peaks in NZD terms.


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