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9 Jan 2020
NZ: Commodity Price Index fell 2.8% in December – ANZ
New Zealand’s ANZ World Commodity Price Index fell 2.8% in December due to weaker prices for lamb, beef and kiwifruit, notes the research team at ANZ.
Key Quotes
“The overall index remains 9.4% higher than it was a year ago.”
“In local currency terms the fall in the index was even larger, down 5.5% m/m, due to the stronger New Zealand dollar. The NZD-TWI firmed 2.7% during December.”