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Commodities Report

Dairy and NZD decline continues.

Friday, 05 February 2010

The CBA NZ Commodity Price Index eased in SDR and USD denominations last week, with drops recorded in the dairy and forestry categories offsetting a pick up in sheep/beef. The NZD was down 1.3%, which saw the commodity index rise in NZD terms.

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Report Prepared by:

Chris Tennent-Brown
CBA NZ Economist
Phone: +64 9 374 8819
Fax: +64 9 302 0992

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