#NZ commodity prices fall 3.7% in June, led by milk powder

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New Zealand commodity prices fell for a second month in June, led by dairy products and beef, though the slide in the kiwi meant prices actually rose in the local currency.
The ANZ Commodity Price Index fell 3.7% last month, following a 1.6% decline in May. Whole milk powder declined 9% and skim milk powder fell 8%.
The Thomson Reuters/Jefferies CRB Commodity Index, the world’s leading benchmark of commodity prices, fell 1.5% last month and is now sitting near its lowest levels since June last year. Weaker manufacturing activity in China has weighed on prices of raw materials and prices of dairy products have fallen in three of the past four GlobalDairyTrade auctions.
Within the ANZ index, nine commodities fell in June, five rose and three were unchanged. Beef fell 7%, butter declined 4% and cheese was down 2%. Apples, aluminium and lamb fell 1% and pelt prices had a «minor dip».
Wool was the biggest gainer, rising 5%, kiwifruit gained 3% and casein and seafood climbed 2%. Logs rose about 0.3%. Wood pulp, venison and sawn timber were unchanged.
The ANZ NZD Commodity Price Index extended its gains, rising 0.9% in June to a two-year high. It is now 6% below its March 2011 peak. The kiwi dollar was last at 78.08 US cents, having declined from as much as 86.77 cents in April.
ANZ’s index includes commodities which make up about 60% of New Zealand’s $46 billion annual export earnings. Results of the latest GDT dairy product auction are due early tomorrow.
 
Source: TVNZ

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Así lo expresó Domingo Possetto, secretario de la seccional Rafaela, quien además, afirmó que a los productores «habitualmente los ignoran los gobiernos». Además, reconoció la labor de los empresarios de las firmas locales y aseguró que están «esperanzados» con la negociación entre SanCor y Adecoagro.

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