ANZ Commodity Price Index

Wednesday 7 Aug 2019

Under pressure: The ANZ World Commodity Price Index fell 1.4% m/m in July. The recent fall in forestry prices weighed on the index, with dairy price movements also negative. The index has weakened by 0.5% in the past year.

The fall in the index was exacerbated by the strength of the New Zealand dollar during the month of July, resulting in the NZD Index falling 2.8% m/m.

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