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.

2024 editions

December 2024

The ANZ World Commodity Price Index increased 2.9% m/m in November, driven up primarily by stronger dairy prices. In New Zealand dollar terms, the gain was more significant, with the 5.2% m/m lift in the index supported by a 1.0% fall in the NZD Trade Weighted Index.


November 2024

The ANZ World Commodity Price Index increased 1.4% m/m in October as stronger prices were recorded for all major sectors excluding meat and fibre. In New Zealand dollar terms, the index lifted 3.4% m/m as the NZD Trade Weighted Index fell by 1.3%.


October 2024

The ANZ World Commodity Price Index increased 1.8% m/m in September as stronger prices were recorded for all major sectors excluding forestry. In New Zealand dollar terms, the index fell 0.2% m/m as the NZD Trade Weighted Index lifted 1.0%.


September 2024

The ANZ World Commodity Price Index increased 2.1% m/m in August as prices for meat and dairy had a strong month. In New Zealand dollar terms, the index lifted 1.5% m/m as the NZD Trade Weighted Index fell 0.7%.


August 2024

The ANZ World Commodity Price Index fell 1.7% m/m in July as prices for dairy, apples and aluminium retreated. In New Zealand dollar terms, the index lifted 0.2% m/m as the NZD Trade Weighted Index fell 1.9% in July.


July 2024

The ANZ World Commodity Price Index lifted 1.5% m/m in June as prices for dairy, meat and forestry strengthened. In New Zealand dollar terms, the index lifted just 0.3% m/m as the NZD Trade Weighted Index lifted 1.4% in June.


June 2024

The ANZ World Commodity Price Index lifted 1.1% m/m in May, driven up by stronger dairy and aluminium prices which offset weaker prices for meat and horticultural produce.


May 2024

The ANZ World Commodity Price Index lifted 0.5 m/m in April as stronger meat and aluminium prices offset further weakness in forestry returns. In New Zealand dollar terms, the index gained 2.7% m/m as the NZD Trade Weighted Index fell 1.0%.


April 2024

The ANZ World Commodity Price Index fell 1.3% m/m in March as dairy and forestry prices fell. In New Zealand dollar terms, the index fell 0.4% m/m as the NZD lost 0.8% against the Trade Weighted Index.


March 2024

The ANZ World Commodity Price Index gained 3.5% m/m in February as both dairy and meat prices improved. In New Zealand dollar terms, the index lifted 4.1% m/m as the NZD fell 0.8% against the US dollar.


February 2024

The ANZ World Commodity Price Index gained 2.2% m/m in January. Higher returns for dairy products were again the major driver. In New Zealand dollar terms, the index lifted 2.9% m/m as the NZD fell 0.2% against the trade weighted index.


January 2024

The ANZ World Commodity Price Index gained 2.4% m/m in December, seeing it end the year down just 1.8% y/y. Dairy prices improved to drive the index higher, more than offsetting weaker aluminium prices. In New Zealand dollar terms, the index lifted 1.9% m/m as the NZ dollar gained 2.4% against the trade weighted index.