mardi 6 janvier 2015
ANZ Commodity Price Index: On the Hind Hoof
Posted on 17:39 by nice news
The ANZ Commodity Price Index fell a further 4.4% in December
–
the
tenth consecutive monthly decrease in the ind
ex
. The index weakened 17%
over calendar
2014
–
the greatest annual decline in 2½-years. Nine
commodity prices recorded a decrease in December, prices for two
commodities increased, while prices for the remaining six commodities were
unchang
ed in the month.
Whole milk powder prices recorded the largest fall in December
, falling
11% in the month
–
to be 52% lower than a year earlier. Beef prices fell 10%
over the month but remain 28% up on a year ago. Skim milk powder prices
dropped 9%, aluminium prices decreased 7%, cheese prices slipped 5%, wool
prices declined 4%, and sheepmeat and pelt prices weakened 3%.
Intriguingly,
the international price of butter defied the drop across
other dairy products and rose 8%
in the month, but remains 25% below
the level that prevailed a year earlier. Kiwifruit was the other commodity to
register a price increase in December, lifting 1% as the Northern Hemisphere
export season tailed off. Prices were unchanged for seafood, apples, casein,
venison, wood pulp and sawn timber.
The NZD ANZ Commodity Price Index eased 3.8% in December (-
14
%
y/y)
, with the kiwi dollar down against the United States dollar, but firmer
against the yen, euro, pound and Australian dollar. In NZD terms, prices are
16% below their March 2011 peaks.
–
the
tenth consecutive monthly decrease in the ind
ex
. The index weakened 17%
over calendar
2014
–
the greatest annual decline in 2½-years. Nine
commodity prices recorded a decrease in December, prices for two
commodities increased, while prices for the remaining six commodities were
unchang
ed in the month.
Whole milk powder prices recorded the largest fall in December
, falling
11% in the month
–
to be 52% lower than a year earlier. Beef prices fell 10%
over the month but remain 28% up on a year ago. Skim milk powder prices
dropped 9%, aluminium prices decreased 7%, cheese prices slipped 5%, wool
prices declined 4%, and sheepmeat and pelt prices weakened 3%.
Intriguingly,
the international price of butter defied the drop across
other dairy products and rose 8%
in the month, but remains 25% below
the level that prevailed a year earlier. Kiwifruit was the other commodity to
register a price increase in December, lifting 1% as the Northern Hemisphere
export season tailed off. Prices were unchanged for seafood, apples, casein,
venison, wood pulp and sawn timber.
The NZD ANZ Commodity Price Index eased 3.8% in December (-
14
%
y/y)
, with the kiwi dollar down against the United States dollar, but firmer
against the yen, euro, pound and Australian dollar. In NZD terms, prices are
16% below their March 2011 peaks.
ANZ Commodity Price Index: On the Hind Hoof
Categories: ANZ Commodity Price Index: On the Hind Hoof
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