ANZ Commodity Price Index

March 2020:  More downside to come (PDF 276kB)

The ANZ World Commodity Price Index fell just 2.1% in February but there is more downside to come. The impact on export prices of the recent coronavirus outbreak in China is only partially captured in this month’s data. We expect further downwards pressure on commodity prices in March.

February 2020: Easing into 2020 (PDF 276kB)

The ANZ World Commodity Price Index fell 0.9% in January as weaker meat prices pulled the overall index down. The impact on export prices of the recent coronavirus outbreak in China was not captured in the January pricing. We expect downwards pressure on commodity prices in February.

January 2020: Softer tone (PDF 276kB)

The ANZ World Commodity Price Index fell 2.8% in December due to weaker prices for lamb, beef and kiwifruit. However, the overall index remains 9.4% higher than it was a year ago.

December 2019: Burger fuel (PDF 264kB)

The ANZ World Commodity Price Index lifted 4.3% in November, with beef up an astonishing 19% m/m. The overall index is currently 12.4% higher than it was a year ago.

November 2019: Beefed-up demand (PDF 272kB)

The ANZ World Commodity Price Index lifted 1.2% in October, with gains recorded in the majority of sectors. The index is currently 7.2% higher than it was a year ago, with dairy and meat being the main growth drivers.

October 2019: TWI-light (PDF 272kB)

The ANZ World Commodity Price Index was unchanged in September with gains in meat, forestry and aluminium offsetting weaker prices in the other sectors. The index is now 3.4% higher than year-ago levels.

September 2019: Bouncing along (PDF 272kB)

The ANZ World Commodity Price Index lifted 0.3% m/m in August following two months of weaker prices. Dairy and forestry sectors lifted in August but this was largely offset by weaker prices for meat and aluminium. The index has gained 0.9% in the past year.

August 2019: Under pressure (PDF 268kB)

The ANZ World Commodity Price Index fell 1.4% m/m in July. The recent fall in forestry prices weighed on the index, with dairy price movements also negative. The index has weakened by 0.5% in the past year.

July 2019: What goes up must come down (PDF 248kB)

The ANZ World Commodity Price Index fell 3.9% m/m in June, to record its first decrease this year. The index has fallen 2.4% in the past year.

June 2019: Steady as (PDF 248kB)

The ANZ World Commodity Price Index was stable in May, following a revised 2.6% rise in April. The index is now 0.7% stronger than a year ago.

May 2019: Protein power (PDF 252kB)

The ANZ World Commodity Price Index pushed up 2.5% m/m in April, following a revised 4.1% rise in March.1 This puts the index 2.1% ahead of this time last year.

April 2019: Higher ground (PDF 248kB)

The ANZ World Commodity Price Index pushed up 1.4% m/m in March, continuing the positive trend present since the beginning of the year. Firmer prices were recorded in the agriculture and forestry sectors but dairy once again provided the largest price lift.

March 2019: On the cow’s back (PDF 248kB)

The ANZ World Commodity Price Index pushed up 2.8% m/m in February, continuing the upward shift that commenced in January. Positive price movements were recorded for most sectors but the 6.6% lift in dairy prices was the main driver.

February 2019: Moo-ving up (PDF 248kB)

The ANZ World Commodity Price Index started the year strongly with a 2.1% m/m lift, arresting the downward trend present throughout the second half of 2018. Dairy was the main driver behind the lift in the index, with meat also making a substantive contribution.

January 2019: Year of the log (PDF 248kB)

The ANZ World Commodity Price Index fell marginally in December to finish the year down 3.4% y/y. The 0.2% fall in the index in December was the smallest of seven consecutive monthly decreases recorded since May. A strong year for forestry prices was not sufficient to offset the weaker prices recorded in the dairy, horticulture and aluminium sectors.