- Analytics
- News and Tools
- Market News
- ANZ Commodity Price Index up 2% in July
ANZ Commodity Price Index up 2% in July
The ANZ Commodity Price Index continued its recent run of form with world prices up a further 2.0% m/m in July. It's the third consecutive improvement with prices up 6.9% over this period. The gains have been broad-based too, which is encouraging. However, it has to be remembered this improvement is off a near seven year low registered in April.
The other challenge is the high NZD, which continues to erode any slight improvement in world prices back to New Zealand exporters. In fact, while world prices have risen by 6.9% over the last three months, NZD prices have only improved by 2.5% over the same period and remain below the same time last year (-5.7% y/y). The NZD/USD is up 7% and trade-weighted index 8% compared with last year. Many exporters have worked hard on new innovations, productivity drivers and fostering new business, but sometimes this can only take things so far.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
