NZ: World Commodity Price Index fell 0.2% in December - ANZ

Susan Kilsby agriculture economist at ANZ, notes that the New Zealand’s ANZ World Commodity Price Index fell marginally in December to finish the year down 3.4% y/y.

Key Quotes

“The 0.2% fall in the index in December was the smallest of seven consecutive monthly decreases recorded since May.”

“A strong year for forestry prices was not sufficient to offset the weaker prices recorded in the dairy, horticulture and aluminium sectors.”

“The NZD index fell by 0.9% m/m in December. The index fell 2.2% across 2018 when measured in local currency terms.”