# NZ commodity prices rise in April on gains in dairy,  aluminium | BusinessDesk

> The ANZ commodity price index rose 1% in April and was up 7.1% year on year. Dairy prices gained 2.7% on sluggish European output and stronger Chinese buying at GDT auctions. Aluminium rose 8% after US sanctions on Rusal, while meat and fibre prices fell 1.9%.

- Date: 2018-05-02 · published 2018-05-02T12:00:00.000Z
- Category: market · region New Zealand · magnitude low
- Page: https://feedsoft.ai/events/5130-nz-commodity-prices-rise-in-april-on-gains-in-dairy-aluminium-businessdesk
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tighter European dairy supply and firmer Chinese demand support global milk powder and butter prices.

## Read by commodity

- MILK: bullish ▲

## Sources

- businessdesk.co.nz: https://www.businessdesk.co.nz/news/nz-commodity-prices-rise-in-april-on-gains-in-dairy-aluminium/E2QYGYYI6VIMXFYRXIPXUXS6XY/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.