New Zealand’s ANZ World Commodity Price Index fell 3.9% m/m in June, to record its first decrease this year, notes the research team at ANZ.
Key Quotes
“Weaker dairy prices were the main culprit for the drop. The index has fallen 2.4% in the past year.”
“The fall in the index was exacerbated by the stronger New Zealand dollar resulting in the NZD Index down 4.5% m/m in June.”
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