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    • Ambos dust off Onesies for annual appeal August 17, 2018
      LISTEN: Wellington Free Ambulance Street Appeal is all about the onesies The post Ambos dust off Onesies for annual appeal appeared first on NewsWire.co.nz.
      Bonnie Mosen
    • Mayor throws on Onesie for ambulance appeal August 17, 2018
      LISTEN: Mayor Justin Lester onboard with street appeal The post Mayor throws on Onesie for ambulance appeal appeared first on NewsWire.co.nz.
      Bonnie Mosen
    • Simple solution to stay safe online August 17, 2018
      LISTEN: Netsafe CEO has some simple tips for online safety. NICO HENDRICKS reports. The post Simple solution to stay safe online appeared first on NewsWire.co.nz.
      Nicholas Hendricks
    • Burger competition sparks debate over fries August 16, 2018
      The post Burger competition sparks debate over fries appeared first on NewsWire.co.nz.
      Nikita Rawnsley-Wratt
    • International success for a Petone pizzeria August 16, 2018
      The post International success for a Petone pizzeria appeared first on NewsWire.co.nz.
      Jayden Tamarua
    • LISTEN: BSA wants to know how you monitor online content for kids August 16, 2018
      The BSA wants to know about your kid's viewing habits. BONNIE MOSEN reports. The post LISTEN: BSA wants to know how you monitor online content for kids appeared first on NewsWire.co.nz.
      Bonnie Mosen
    • Listen: Parisians shocked at latest attempt to clean up their city August 16, 2018
      LISTEN: New urinals are a little too public according to one French man. NICO HENDRICKS reports. The post Listen: Parisians shocked at latest attempt to clean up their city appeared first on NewsWire.co.nz.
      Nicholas Hendricks
    • LISTEN: High hopes for success of miscarriage bill August 16, 2018
      Hopes a private members bill will get cross party support . LEAH TEBBUTT reports The post LISTEN: High hopes for success of miscarriage bill appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • LISTEN: Teachers strike for a better life balance August 16, 2018
      Teachers are missing out on time with their children due to job pressure. LEAH TEBBUTT reports: The post LISTEN: Teachers strike for a better life balance appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • LISTEN: Decade of neglect behind teacher strike August 15, 2018
      Striking teacher tells government the dwindling education workforce has had enough and it's time to act. LEAH TEBBUTT reports from today's rally in Wellington. The post LISTEN: Decade of neglect behind teacher strike appeared first on NewsWire.co.nz.
      Leah Tebbutt
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Aluminium leads gain on NZ commodity prices

There’s a story on Scoop about how aluminium, wood pulp, lumber and logs posted the biggest price gains amonst New Zealand commodities in July, according to the  ANZ Commodity Price Index.

Seafood  on the other hand, posted the biggest price decline for the same month. Kiwifruit, apples, lambs and lamb skins also declined. READ MORE.

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Aluminium prices up 30%

Financial journalist Bernard Hickey from interest.co.nz has blogged about the how the price of aluminium has risen 30% this year:

Here’s another commodity market that is rapidly heating up: aluminium. This is good news for Rio Tinto and the people at Bluff, although it may help keep the pressure up on power prices. The [Financial Times] has a nice piece here explaining why aluminium prices have risen 30% this year. However, the fundamentals are not brilliant and people are wondering if it’s another speculative driven squeeze up. Something tells me a vampire squid is making money out of this.

CLICK HERE to read the FT’s story.

High NZ Dollar impacting meat and dairy exporters

The Otago Daily Times has a story about how the high exchange rate of the New Zealand Dollar (NZX50) is impacting on meat and dairy exporters like Fonterra and  Alliance Group in New Zealand:

The often-touted export-led recovery could be threatened by a soaring exchange rate which some economists believe could reach US69c. At 5pm yesterday, the currency was trading at US67.33c having opened at US66.99c. READ MORE.

NZ to cut greenhouse emissions by up to 20%

The Dominion Post has a story about what the impact and cost of tackling climate change will have on New Zealand:

The cost of doing our bit in the battle against climate change will be $27 a week each by 2020 as the Government prepares to sign Kiwis up to a global pact.

But it is under fire for being too cautious after setting the target of a reduction in greenhouse gas emissions of between 10 per cent and 20 per cent on 1990 levels and there are warnings that New Zealand risks being labelled a climate-change bludger. READ MORE.

The newspaper also has another story with comment from various business leaders about the proposed reductions of greenhouse gas ommissions as part of the country’s Kyoto Protocol agreements. READ HERE.

Recap of first CFTC hearing into speculation

Commodify Me! has been busy with the daily grind of life and would like to apologise for not posting this sooner.

Anyway, as we all know, the Commodities Futures Trading Commission held the first of its three hearings last week looking at ways to curb excessive speculation in oil, gas and other engery markets.

The New York Times provides a nice summary of the first day’s proceedings:

The country’s top regulator of commodity markets said Tuesday that the government should “seriously consider” strict limits on the trades of purely financial investors in the futures markets for oil, natural gas and other energy products.  READ HERE.

And CNNMoney.com provides a summary of day two:

Commodity Futures Trading Commission Chairman Gary Gensler sounded even more convinced Wednesday that trading limits must be imposed on speculative energy traders, and he found support from two of the biggest financial players in commodities markets.”No longer must we debate the issue of whether or not to set position limits,” Gensler said during the second day of CFTC hearings on excessive speculation in the energy markets. He added that the only remaining questions are how to go about it. READ MORE.

CNNMoney.com also has comments from big commodity players, Goldman Sachs and JPMorgan Chase, both of who had representatives speak at the hearings:

JPMorgan Chase & Co. (JPM) came out in favor of position limits both on and off exchanges in a hearing before the Commodity Futures Trading Commission on Wednesday.But the bank wants exemptions maintained for swap dealers that help commodity end users buy and sell derivatives to reduce their exposure to price fluctuations. JPMorgan’s views closely matched those of Goldman Sachs Group Inc. (GS), which also had a representative at the hearing. READ MORE.

You might also like to read the Seattle Times and the Houston Chronicle.

NZX to launch futures market

Commodify Me! would like to draw your attention to a story by the NZPA that appeared on Stuff last month about the New Zealand Stock Exchange’s (NZX) plans to launch a  futures market for trading whole milkpowder in ‘The Land of the Long White Cloud’:

Stock exchange operator NZX is launching a futures market for trading whole milkpowder – but says the contracts will be settled only in cash, rather than physical delivery. READ HERE

How low dairy prices are impacting NZ Farmers

The Agence France-Presse (AFP) has a story about the impact the global decline in dairy prices is having on New Zealand  farmers.

The story includes comment from Federated Farmers chairman Lachlan McKenzie and DairyNZ economist Matthew Newman:

Eighteen months ago milk was being called white gold in New Zealand but dreams of riches have since ended for producers of the country’s most important export commodity. READ HERE.