New Zealand Commodity Prices Rise For Eleventh Mont

Tuesday, Feb 02, 2010
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RTTNews) - New Zealand's commodity export prices rose for the eleventh straight month in January, ANZ bank said in a report released on Monday.

Commodity prices were up 0.4% month-on-month in January. In world price terms, seven commodities recorded stronger prices, while two declined.

Dairy prices slid 2% from the previous month in January - the first such reduction in seven months. Wool was the other commodity to record a fall in prices, down 0.6%. On the other hand, prices of skins, log, beef, aluminium, lamb, seafood and sawn timber all increased.

In New Zealand dollar terms, the commodity price index fell 1.2% in January.

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