NZ: Commodity Price Index fell 2.8% in December – ANZ

Sandeep Kanihama FXStreet Contributor

New Zealand’s ANZ World Commodity Price Index fell 2.8% in December due to weaker prices for lamb, beef and kiwifruit, notes the research team at ANZ.

Key Quotes

“The overall index remains 9.4% higher than it was a year ago.”

“In local currency terms the fall in the index was even larger, down 5.5% m/m, due to the stronger New Zealand dollar. The NZD-TWI firmed 2.7% during December.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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