Tuesday 4th February 2014
|Text too small?|
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.
No comments yet
RBNZ steps up BNZ supervision after capital calculation breaches
Beehive lobbied for revised StuffME deal
Ebos shares fall 9.5% as biggest shareholder sells at a discount
ComCom unmoved by warning on fibre investment in draft regime
BREAKING: Govt adds vital infrastructure to overseas investment test
Judges recommend changes to help Chinese litigants
Napier Port beats FY forecast; monitoring log export outlook
A2 shares surge on stronger margin outlook
A2 raises operating profit margin expectations
Arvida on track as first-half profit climbs 47%