ANZ Commodity Price Index
Wednesday 11 Jul 2018The ANZ World Commodity Price Index slipped 1.0% m/m in June, following five consecutive monthly increases – some payback was due.
Of the 17 commodities in the index, five rose, three were unchanged and nine declined. Prices fell across all broad categories, with the exception of seafood, which was flat. Wool prices continue to recover, up 18% YTD.
The NZD had a topsy-turvy month but ended up appreciating against all major trading partners except the USD. This saw the NZD index dip 1.1% m/m to be up 7.4% y/y.
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