Analysts at ANZ note that New Zealand’s ANZ World Commodity Price Index lifted 1.2% in October, with gains recorded in the majority of sectors.
Key Quotes
“The index is currently 7.2% higher than it was a year ago, with dairy and meat being the main growth drivers.”
“In local currency terms the index lifted 1.5% m/m, bolstered by a slightly softer New Zealand dollar. The NZD-TWI eased 0.3% during October.”
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