The ANZ Commodity Price Index rose to a near record in February even though dairy prices eased.The index lifted 3.8 percent in February to 220.3. This is the second-highest for the series and is just below the high of 223.5 recorded in July 2008.The expor
The ANZ Commodity Price Index rose to a near record in February even though dairy prices eased.
The index lifted 3.8 percent in February to 220.3. This is the second-highest for the series and is just below the high of 223.5 recorded in July 2008.
The export price of lamb sold in the United Kingdom market hit an all-time high in February, ANZ said.
The price of logs rose to a 14-month high and seafood prices rose to a nine-month high.
The price of skins and beef also recorded strong rises, with both series lifting to their highest level since September 2008. Wool prices posted a strong gain, lifting to the joint highest level since October 2008.
Of the three commodity prices to record a decrease in February, aluminium prices posted the largest fall, down 7.8 percent.
Dairy prices eased 7.6 percent and venison declined 0.7 percent in February.
