New Zealand ANZ Commodity Price Index -2.3% m/m (prior 1.9%) ...Middle East

-2.3% m/m

prior 1.9%+11.0% y/y

In NZD terms the index fell 3.4% m/m

prior +0.5%+15.5% y/y

ANZ says that Global shipping prices were generally higher in June. Exporters expect costs to ease in coming months due to reduced global demand.

This article was written by Eamonn Sheridan at www.forexlive.com.

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