The ANZ World Commodity Price Index rose 0.7% m/m in August
- prior -1.8%
- for the y/y +9.3%
- in NZD terms the index rose 2.1% m/m, with the NZD weakening over the month
ANZ comments:
- all components of the Index rose, except aluminium
- index had been drifting lower since May due to falling dairy prices, but this trend reversed in August
More:
- Global shipping prices were mixed in August. Exporters expect costs to ease in coming months due to reduced global demand.
