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 0.7474 -0.0021 -0.28%
AUD 0.9810 0.0020 0.20%
EUR 0.6964 0.0041 0.59%
GBP 0.5035 -0.0029 -0.57%
HKD 5.7955 -0.0158 -0.27%
JPY 89.6190 -0.3170 -0.35%

Commods

Commodity Price Change Time
Gold Index 1186.0 -12.550 2015-03-30T00:
Oil Brent 56.3 -0.830 2015-03-30T00:
Oil Nymex 48.7 -0.220 2015-03-30T00:
Silver Index 16.7 -0.395 2015-03-30T00:

Indices

Symbol Open High Last %
NZX 50 5821.3 5838.9 5821.3 0.22%
NASDAQ 4925.9 4940.9 4947.4 -0.38%
DAX 12054.2 12119.7 12086.0 -0.99%
DJI 17965.4 17965.4 17976.3 -0.50%
FTSE 6891.4 6910.1 6891.4 -1.72%
HKSE 25113.2 25113.2 24855.1 0.18%
NI225 19592.4 19607.2 19411.4 -1.05%