For May
Provided by: ANZ National Bank

New Zealand commodity prices rose to 1% following a 0.3% drop in April. This amounted to a 18.7% increase compared to May of last year. Price increases were led by gains in apples and beef, while dairy prices were lower. the increase in prices to these commodities will help the New Zealand's trade balance and will help support GDP growth. Recently increases to dairy prices have been a major driver of economic growth; they are 16% higher on the year. However, the last two months showed prices declining. In NZ dollar-adjusted terms, the index rose 2.5% as the currency fell against most of its major trading partners.

For March
Provided by: ANZ National Bank
Official Release: PDF

The ANZ Commodity price increased 2% in March, climbing past February's revised 1.1% level. Price increases were lvenison and beef, seafood and dairy. The report noted that the New Zealand dollar eased in value against all but one of its major trading partners in March. The exception was the US Dollar.

From the Release:

"The level of prices of New Zealand’s key commodities increased 2.0 percent in March. Seven of the component commodity series recorded a rise in prices in the month, three commodity prices were unchanged and three commodity prices recorded a decline.

Leading the price rises across the commodity basket last month was a 10.1 percent lift in the price of venison. Strong monthly price rises were also recorded in seafood (up 7.7 percent), aluminium (7.4 percent) and beef (4.0 percent). More modest price increases were measured for logs (up 1.2 percent), dairy (1.1 percent) and wool (0.7 percent).

Annual increase in commodity prices is the strongest for skins and dairy. On an annual basis, skin prices have increased the fastest, up 61 percent on a year ago. Dairy prices are up 46 percent from the same period last year."