New Zealand commodity prices improve in May: private survey
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[WELLINGTON] Prices for New Zealand's main commodities rose in May, ANZ Bank's commodity price index showed on Friday.
The index increased 1.0 per cent for the month, compared with a 0.8 per cent fall in the previous month.
On an annual basis the index was down 11.7 per cent, compared with a 16.8 per cent loss the month before.
Dairy products, the country's biggest export earner, were mostly unchanged, though skim milk powder prices declined 1.8 per cent.
In New Zealand dollar terms, the index rose 2.5 per cent on the previous month, to be 3.5 per cent lower than a year ago.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
