NZ commodity prices fall in March

New Zealand commodity prices weakened in March, slipping to its lowest level this year, led by a decline in the price of dairy products and pelts.

The ANZ Commodity Price Index slipped 1.7 percent in March to 280.1. The New Zealand dollar index fell 0.2 percent to 185.8 points.

Eleven of the commodities fell, three rose and three remained unchanged. The largest fall across the commodity basket was in the price of pelts down 7 percent to a 14 month low.

Butter prices dropped to a 29 month low, while skim milk powder prices eased 4 percent to a 15 month low. Cheese and whole milk powder prices dropped 3 percent.

A new record high was record for beef prices up 2 percent, while wood pulp prices rose 3 percent.

The price of wool, apples and kiwifruit was unchanged.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

December 27th Morning Report
FBU - Fletcher Building Announces Director Appointment
December 23rd Morning Report
MWE - Suspension of Trading and Delisting
EBOS welcomes finalisation of First PWA
CVT - AMENDED: Bank covenant waiver and trading update
Gentrack Annual Report 2024
December 20th Morning Report
Rua Bioscience announces launch of new products in the UK
TEM - Appointment to the Board of Directors