New Zealand commodity prices fall further in May
summary：Prices for New Zealand's main commodities fell to their lowest level in 11 months in May, driven by a broad based fall in prices, notably for dairy produce, ANZ Bank's commodity price index showed on Wednesday....
Prices for New Zealand's main commodities fell to their lowest level in 11 months in May, driven by a broad based fall in prices, notably for dairy produce, ANZ Bank's commodity price index showed on Wednesday. The index fell 2.2 percent compared with a 3.7 percent decline in April, and was down at its lowest level since June last year. The biggest falls were in dairy, which have dropped to a 14-month low, and forestry products, at a five-month low. Among the commodities to gain in price were wool and fruit. The index was down 3.1 percent on the same month a year ago. In New Zealand dollar terms, the index fell 2.1 percent for the month, the lowest since March last year. The local currency level was 6.0 percent lower than a year earlier.