ANZ Commodity Price Index

ANZ Commodity Price Index is a monthly report that tracks the movement in the prices received for New Zealand's main export categories, in both world prices and New Zealand Dollars. The indices begin in 1986 and can be downloaded from below for reference.

2022 editions

July 2022: Softer NZD offsets lower prices (PDF 864KB)
The ANZ World Commodity Price Index fell a further 0.4% in June, driven down by weakness in aluminium, meat and forestry. But in local currency terms the index gained 0.7% due to the NZD continuing to depreciate against the currencies of many of our trading partners.

June 2022: Prices fall in May (PDF 860KB)
The ANZ World Commodity Price Index fell a further 2.8% in May, driven down by weakness in aluminium, dairy and forestry. But in local currency terms the index gained 2.0%, due to the NZ dollar depreciating sharply on a trade weighted index (TWI) basis.

May 2022: Prices ease on lockdown woes (PDF 916KB)
The ANZ World Commodity Price Index eased 1.9% in April, after trending up since the start of the year. In local currency terms, the index fell just 0.8% due to the NZ dollar depreciating slightly on a trade weighted index (TWI) basis.

April 2022: Keep your eyes on the highs (PDF 852KB)
The ANZ World Commodity Price Index hit a new record in March, lifting a further 3.9%. Prices are very strong across most commodities, but none of the sub-indices are currently at record levels. In local currency terms, the index gained just 0.5%, as local returns were eroded by a 3.1% gain in the trade weighted index (TWI).

March 2022: Climbing to a higher peak (PDF 848KB)
The ANZ World Commodity Price Index surged 3.9% in February to hit yet another record high. Prices lifted across most commodity groups with dairy and aluminium leading the charge. In local currency terms, the index gained 4.9%, as local returns were supported by a 1.2% reduction in the trade weighted index (TWI).

February 2022: 2022 off to a flying start (PDF 836KB)
The ANZ World Commodity Price Index climbed 1% in January to hit a new record high. Dairy and a strong lift in aluminium prices pushed the index up. In local currency terms, the index gained 1.9%, to extend its record high, helped along by a 0.8% reduction in the trade weighted index (TWI).

January 2022: Forestry returns fall (PDF 832KB)
The ANZ World Commodity Price Index eased 0.2% in December, as stronger prices for dairy, meat and aluminium were not sufficient to offset lower returns from the forestry and horticultural sectors. The index still finished the year up 24% y/y.