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(CEP News) - The Bank of New Zealand's world commodity export price index fell 4.9% in September, against August's 3.3% fall.
On an annual basis, the world commodity price index fell 1.9%. The decline was led by a fall in dairy products, down 7.9% on the month, and the meat, skins and wool component, down 4.9%. The only category which saw an increase was horticultural, up 0.5%. In New Zealand, the commodity price index was down 0.9% month over month, and up 3.6% on the year. The decline was also led by dairy products, down 1.9% on the month, and aluminum, down 1.8%. Forestry and seafood commodity exports were both up 5.9% on the month. By Megan Ainscow,
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