2 Jul 2013

Commodity prices fall

7:49 pm on 2 July 2013

Commodity prices have fallen in line with the recent downward trend in global dairy prices.

The ANZ commodity price index fell 3.7% in June, but is still the fourth highest reading on record.

Nine commodities fell, led by dairy, which offset an increase in five commodities including wool and kiwifruit.

Economist at ANZ, Steve Edwards, says the fall is not surprising given it is coming off a very high level.