NZ commodity prices rise to a record in January, led by butter

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New Zealand commodity prices rose to a record in January, led by gains in butter.

The ANZ Commodity Price Index advanced 1.2 percent to 334.3 from December. The index is 23 percent above January 2013.

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

Butter prices led the gains, up 4 percent from December and 33 percent above January last year. Prices of wood pulp and skim milk powder rose 3 percent, while wool, cheese and whole milk powder prices increased 2 percent and casein and logs advanced 1 percent.

ANZ said the forestry sub-group reached a record in January and the dairy sub-group rose to a nine-month high.

Weaker prices were recorded for beef, pelts and aluminium, which were down about 0.5 percent.

Meanwhile prices for venison, seafood, apples and kiwifruit were unchanged.

In New Zealand dollar terms, the index lifted 0.6 percent from December, taking the annual gain to 24 percent.

(BusinessDesk)


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NZ Market Snapshot

Forex

Sym Price Change
USD 0.7302 -0.0051 -0.69%
AUD 0.9334 0.0029 0.31%
EUR 0.6631 0.0011 0.17%
GBP 0.4713 0.0019 0.40%
HKD 5.6610 -0.0406 -0.71%
JPY 88.6750 -0.3310 -0.37%

Commods

Commodity Price Change Time
Gold Index 1206.0 -3.510 2015-05-21T00:
Oil Brent 67.1 -0.140 2015-05-21T00:
Oil Nymex 60.7 1.730 2015-05-21T00:
Silver Index 17.1 0.019 2015-05-21T00:

Indices

Symbol Open High Last %
NZX 50 5769.3 5785.2 5769.3 0.12%
NASDAQ 5085.4 5103.8 5090.8 -0.03%
DAX 11881.5 11881.8 11864.6 -0.42%
DJI 18286.9 18286.9 18285.7 -0.29%
FTSE 7013.5 7061.7 7013.5 0.26%
HKSE 27723.7 28041.3 27523.7 1.70%
NI225 20208.8 20278.3 20202.9 0.30%