NZ commodity prices fall in March

New Zealand commodity prices weakened in March, slipping to its lowest level this year, led by a decline in the price of dairy products and pelts.

The ANZ Commodity Price Index slipped 1.7 percent in March to 280.1. The New Zealand dollar index fell 0.2 percent to 185.8 points.

Eleven of the commodities fell, three rose and three remained unchanged. The largest fall across the commodity basket was in the price of pelts down 7 percent to a 14 month low.

Butter prices dropped to a 29 month low, while skim milk powder prices eased 4 percent to a 15 month low. Cheese and whole milk powder prices dropped 3 percent.

A new record high was record for beef prices up 2 percent, while wood pulp prices rose 3 percent.

The price of wool, apples and kiwifruit was unchanged.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PYS - PaySauce to announce F26 full year results on 27 May 2026
PEB - Draft LCD Proposes Medicare Coverage for Triage and Triage
MEL - Meridian Energy monthly operating report for April 2026
FBU - Sale of South Australian property
AIR - Air New Zealand market update
May 14th Morning Report
PEB - Pacific Edge Placement Increased to NZ$25.4 Million
Radius Care Reports Earnings Growth and 50% Higher Dividend
May 13th Morning Report
Pacific Edge launches capital raise of NZ$24 million