New Zealand data – ANZ World Commodity Price Index +0.2% in December (prior +2.9%) | Forexlive

New Zealand data – the ANZ World Commodity Price Index

For December 2024 +0.2% m/m vs. +2.9% in November:

• NZD eased 1.6% in December, pushing up the NZD Trade Weighted Index by 3.6% m/m

The y/y +15%.

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As part of the report is ANZ’s look at chipping costs:

Global shipping prices were mixed in December.

• The well-publicised but volatile Baltic Dry Index fell 10% during the month to its lowest level since mid-2023.
• The China Containerized Index, which measures the cost of shipping into and out of China, rose 5.6%, and the Harper Peterson Index also firmed slightly in December.
• Chinese New Year typically results in some delays for shipping due to port workers being on leave, so the tighter availability of ships can put some upward pressure on prices.