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

 

NZ commodity prices rise in December, led by cheese, butter

NZ commodity prices rise in December, led by cheese, butter, milk powder

Jan. 9 (BusinessDesk) – New Zealand commodity prices rose in December, led by gains in dairy products.

The ANZ Commodity Price Index advanced 1 percent to 330.4 from November, touching its second highest level on record. The index is about 22 percent above December 2012.

International prices for 10 of New Zealand’s main commodities increased in the month, three fell and four were unchanged.

Cheese and butter prices led the gains, up 7 percent, with cheese at its highest in more than five years and butter lifting to a two-year high. Skim and whole milk powders showed the next largest price rises, up 3 and 2 percent respectively.

The price of logs, seafood and sawn timber increased 1 percent, while the prices of casein, beef and lamb increased by 0.5 percent or less. Wool prices fell from November’s two-year high, down 12 percent, while pelts dropped 4 percent and aluminium prices eased 1 percent.

In New Zealand dollar terms, the index lifted 1.7 percent to its fourth-highest level on record.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

NZ's Space Programme: Rocket Lab Makes It To Space (But Not Orbit)

Electron lifted-off at 16:20 NZST from Rocket Lab Launch Complex 1 on the Mahia Peninsula in New Zealand. It was the first orbital-class rocket launched from from a private launch site in the world. More>>

ALSO:

Earlier:

Budget: Irrigate (Good Times, Come On!)

Additional grant funding of $26.7 million over the next three years plus a capital boost of $63 million towards irrigation investments in Budget 2017 will deliver economic and environmental benefits through better use of water... More>>

ALSO:

Silver Fern Farms: Proposal To Close Fairton Sheepmeat Plant

Silver Fern Farms has advised its people of the proposal to permanently close the site, and has discussed potential transfer options to its other sites in the region as part of the consultation process...
More>>

ALSO:

MPI: Myrtle Rust Appears In Taranaki

The nursery in Waitara (just north of New Plymouth) reported suspected myrtle rust symptoms on young plants to the Ministry’s 0800 number yesterday (Tuesday). More>>

ALSO: