Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


NZ commodity prices rise 1.3% in October, led by wool

NZ commodity prices rise 1.3% in October, led by wool, cheese

Nov 2 (BusinessDesk) – New Zealand commodity prices rose for the third straight month in October, led by gains in wool and dairy products while aluminium fell.

The ANZ Commodity Price Index rose 1.3 percent last month with 12 commodity prices gaining two declining and three unchanged.

A slightly firmer New Zealand dollar meant the gain in the ANZ NZD Commodity price Index was a slightly lower 1 1 percent.

Wool prices rose 5 percent, the second monthly gain following declines in 11 of the preceding 12 months. Cheese rose 4 percent while butter and milk powders rose 3 percent.

Kiwifruit rose 2 percent and apples gained 1 percent, firming “into the tail of the Northern hemisphere export season. Log prices gained 1 percent while venison, lamb and beef eked out small gains.

Pelts recorded the biggest decline, down6 percent last month and aluminium fell 4 percent. Seafood, wood pulp and lumber were unchanged in the month.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Land & Water Forum: Fourth Report On Water Management

The Land and Water Forum (LWF) today published its fourth report, outlining 60 new consensus recommendations for how New Zealand should improve its management of fresh water and calling on the Government to urgently adopt all of its recommendations from earlier reports. More>>



Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Speaking For The Bees: Greens Call For Neonicotinoid Pesticide Ban

The National Government should ban the use of controversial pesticides called neonicotinoids after evidence has revealed that even at low doses they cause harm to bee populations, the Green Party said today. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news