NZ commodies record biggest price rise in 22 years

The New Zealand Herald has a story about how the ANZ Commodity Price Index rose 6.8% in September – its largest monthy price gain in 22 years. 

However, most of that gain was wipped out by the rise in the New Zealand dollar.

Dairy prices recorded the biggest gain, up 17%, while sawn timber (7.2%) and wool prices (5.3%) also had siginificant increases.

Smaller increases were noted for wood pulp (3.1%), lamb (2.3 %), beef (2.2%) and kiwifruit (0.4%).

The Story includes comment from ANZ economist Steve Edwards. CLICK HERE to read full story.

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