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Commodity price index falls

Author
Alexia Russell,
Publish Date
Fri, 9 Jan 2015, 10:40am
The first New Zealand Commodity Price Index for the year fell in all denominations.
The first New Zealand Commodity Price Index for the year fell in all denominations.

Commodity price index falls

Author
Alexia Russell,
Publish Date
Fri, 9 Jan 2015, 10:40am

The first New Zealand Commodity Price Index for the year fell in all denominations.

ASB says that's mainly due to falling beef and lamb prices.

Dairy prices have been flat and falling log prices pushed the forestry index down.

Oil has fallen 8% since the end of last year.

There's been sluggish global demand as the Chinese economy slows and growth in Europe and Japan is is faltering.

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