New Zealand knowledge – ANZ World Commodity Worth Index +zero.2% in December (prior +2.9%)

New Zealand knowledge – the ANZ World Commodity Worth Index

For December 2024 +zero.2% m/m vs. +2.9% in November:

• NZD eased 1.6% in December, pushing up the NZD Commerce Weighted Index by three.6% m/m

The y/y +15%.

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As a part of the report is ANZ’s have a look at chipping prices:

International transport costs have been combined in December.

• The well-publicised however unstable Baltic Dry Index fell 10% in the course of the month to its lowest stage since mid-2023.
• The China Containerized Index, which measures the price of transport into and out of China, rose 5.6%, and the Harper Peterson Index additionally firmed barely in December.
• Chinese language New Yr usually leads to some delays for transport because of port employees being on depart, so the tighter availability of ships can put some upward stress on costs.

(China) Lunar New Yr is developing on Wednesday, January 29th, 2025.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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