NZ commodity prices rise in December, led by cheese, butter, milk powder

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

 New Zealand commodity prices rose in December, led by gains in dairy products.

The ANZ Commodity Price Index advanced 1 percent to 330.4 from November, touching its second highest level on record. The index is about 22 percent above December 2012.

International prices for 10 of New Zealand's main commodities increased in the month, three fell and four were unchanged.

Cheese and butter prices led the gains, up 7 percent, with cheese at its highest in more than five years and butter lifting to a two-year high. Skim and whole milk powders showed the next largest price rises, up 3 and 2 percent respectively.

The price of logs, seafood and sawn timber increased 1 percent, while the prices of casein, beef and lamb increased by 0.5 percent or less. Wool prices fell from November's two-year high, down 12 percent, while pelts dropped 4 percent and aluminium prices eased 1 percent.

In New Zealand dollar terms, the index lifted 1.7 percent to its fourth-highest level on record.

(BusinessDesk)


This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7552 -0.0013 -0.17%
AUD 0.9678 0.0004 0.04%
EUR 0.6746 -0.0006 -0.09%
GBP 0.4897 0.0000 0.00%
HKD 5.8641 -0.0002 -0.00%
JPY 90.3380 -0.0320 -0.04%

Commods

Commodity Price Change Time
Gold Index 1212.6 3.000 2015-02-27T00:
Oil Brent 62.6 2.530 2015-02-27T00:
Oil Nymex 49.8 1.470 2015-02-27T00:
Silver Index 16.5 -0.070 2015-02-27T00:

Indices

Symbol Open High Last %
NZX 50 5861.7 5878.5 5861.7 0.29%
NASDAQ 4985.0 4989.2 4987.9 -0.49%
DAX 11337.1 11401.7 11327.2 0.66%
DJI 18213.3 18213.3 18214.4 -0.45%
FTSE 6949.7 6967.2 6949.7 -0.04%
HKSE 24902.6 25102.0 24902.1 -0.32%
NI225 18844.3 18865.4 18785.8 0.06%