The ANZ World Commodity Price Index increased a further 1.3% m/m in March, but it was a mixed bag amongst the various sectors. Stronger returns for meat largely offset weaker aluminium prices. In local currency terms the index gained 2.7% m/m, supported by a 0.4% m/m easing of the NZD against the Trade Weighted Index. {chart} Global shipping prices ...
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Apr 6, 2023, 8:20am
Fundamental: Commodity Price Index: Pick 'n' mix
The ANZ World Commodity Price Index increased a further 1.3% m/m in March, but it was a mixed bag amongst the various sectors. Stronger returns for meat largely offset weaker aluminium prices. In local currency terms the index gained 2.7% m/m, supported by a 0.4% m/m easing of the NZD against the Trade Weighted Index. {chart} Global shipping prices ...
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