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New Zealand May commodity prices rise 3.2 pct m/m - ANZ survey

Published 06/06/2017, 11:05 am
Updated 06/06/2017, 11:10 am
© Reuters.  New Zealand May commodity prices rise 3.2 pct m/m - ANZ survey

SYDNEY, June 6 (Reuters) - Prices for New Zealand's main commodities rose in May, lifted by a surge in apple and kiwifruit prices, ANZ Bank's commodity price index showed on Tuesday.

The index gained 3.2 percent for the month from April, compared with a 0.2 percent fall in the previous month. On an annual basis the index was 26.3 percent higher, ahead of a 23.7 percent rise the month before.

The biggest gainer was the horticulture sector, rising 12.1 percent for the month, boosted by a 14 percent rise in kiwifruit values, and apple price rises. Dairy products, the country's biggest export earner, were up 3 percent and are 50 percent higher than they were a year ago.

Globally, dairy prices have risen at five fortnightly auctions in a row, with the latest auction results due out overnight.

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