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.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose