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New Zealand commodity prices rise in September

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Prices for New Zealand's main commodities rose in September, after five months of falls, due to rises in dairy and aluminium prices, ANZ Bank's commodity price index showed on Friday.

[WELLINGTON] Prices for New Zealand's main commodities rose in September, after five months of falls, due to rises in dairy and aluminium prices, ANZ Bank's commodity price index showed on Friday.

The index gained 5.5 per cent for the month, compared with a 5.2 per cent fall in the previous month.

On an annual basis the index was 18.2 per cent lower, compared with a 23.5 per cent fall the month before.

Dairy products, the country's biggest export earner, were up 15.1 per cent.

In New Zealand dollar terms the index was up 9.3 per cent on the previous month, to be 2.7 per cent higher than a year ago.

REUTERS

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