Dairy and NZD decline continues.
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
