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ANZ s NZ Commodity Price Index sky high - up 6.1 per cent in March
7 Apr, 2021 02:30 AM
4 minutes to read
Dairy prices have driven ANZ s commodity price index to a record high. Photo / Hawke s Bay Today
Dairy prices have driven ANZ s commodity price index to a record high. Photo / Hawke s Bay Today
ANZ s World Commodity Price Index - which measures prices received for New Zealand s main exports - was sky high in March, rising 6.1 per cent to its highest point since the index began in 1986.
In local currency terms the index gained 7.4 per cent, month-on-month, to also reach a record high, supported by a 0.4 per cent reduction in the New Zealand dollar Trade Weighted Index, ANZ said.