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

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 0.7194 0.0016 0.22%
AUD 0.9356 0.0029 0.31%
EUR 0.6821 0.0016 0.24%
GBP 0.5773 0.0009 0.16%
HKD 5.5815 0.0112 0.20%
JPY 81.4310 0.0100 0.01%

Commods

Commodity Price Change Time
Gold Index 1237.4 1.710 2017-02-22T00:
Oil Brent 55.9 -0.820 2017-02-22T00:
Oil Nymex 53.6 -0.760 2017-02-22T00:
Silver Index 17.9 -0.050 2017-02-22T00:

Indices

Symbol Open High Last %
NZX 50 7062.5 7100.8 7062.5 0.38%
NASDAQ 5857.6 5864.4 5865.9 -0.09%
DAX 11994.1 12016.0 11998.6 -0.07%
DJI 20715.4 20781.6 20743.0 0.16%
FTSE 7302.2 7308.3 7302.2 -0.11%
HKSE 24122.2 24216.5 24202.0 -0.36%
NI225 19379.9 19379.9 19379.9 -0.04%
ASX 5805.1 5805.1 5805.1 -0.35%