New Zealand export prices rise, global shipping costs jump ...Middle East

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New Zealand export prices rise, global shipping costs jump
The ANZ World Commodity Price Index gained 2.4% m/m in Decemberprior was -1.2%For the y/y, came in at -1.8% y/y. ANZ's report cites: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.As part of this report on New Zealand export prices ANZ includes comments on global shipping, which are particularly relevant right now given the chaos in the Red Sea. Global shipping prices are once more trending higher, eroding exporters’ margins. The Baltic Dry Index, which tends to be the most volatile of the shipping indices, spiked to an 18-month h

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