Record high prices for lamb helps NZ’s commodity export prices to rise

Record high prices for lamb helps NZ’s commodity export prices to riseNew Zealand’s commodity export prices increased for the second consecutive month due to the record high prices for lamb.  

In the month of April a 2.5% hike in ANZ product Price Index is the largest in nearly two years.

Last month the price of eight commodities increased. While apples and seafood dropped, two others were flat.  

Aluminum had the biggest rise by 6.6% for the month and lamb followed it, up by 6.4%to a record high.   

Beef prices increased by 3.2%, dairy was high by 3.1%, skin prices raised by 2.3%, vension increased by 1.6% and the price of wool increased by 1.3%.

(Via TopNews New Zealand. Contributed by Tangaroa Snell)