New Zealand commodity prices rise 0.7 pct in January - ANZ

By Kitco News / February 04, 2018 / www.kitco.com / Article Link

WELLINGTON, Feb 5 (Reuters) - Prices for New Zealand's main commodities rose in January, pushed up by higher milk prices, ANZ Bank's commodity price index showed on Monday.

The index edged up 0.7 percent for the month, compared with a 1.9 percent fall in the previous month.

On an annual basis the index was 4.1 percent higher, compared with a 3.2 percent jump the month before.

Whole milk powder, the country's biggest export earner, was up 5.1 percent as dry weather conditions curbed milk production.


(Reporting by Charlotte Greenfield; editing by Richard Pullin)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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