ANZ Commodity Price Index for New Zealand
(a monthly report that tracks the movement in the prices received for New Zealand's main export categories)
-0.1% m/m in January
- Led by weakness in a few components, particularly wool products and whole milk powder (WMP)
- Broad-based gains were evident elsewhere, with 10 of 17 commodities rising
- The index is 19% higher than this time last year
- The stronger currency put a dent in the NZD Commodity Price Index, which fell 1.1% m/m in January
- In world price terms, non-dairy commodity prices were up 0.7% m/m
- Six of the 12 non-dairy commodities in the index rose in January
- All major non-dairy groups in the index improved over the year, pushing the ex-dairy index up 7.4% y/y
more to come