A recently released survey claimed that the main commodity exports of New Zealand remained high with significant contribution by a solid rise in dairy prices.

Dairy sector, accounting around 27 per cent of nation’s export, performed very well during the month by reporting 22 per cent rise in prices against 8.8 per cent rise in wool prices.

The ANZ Bank's commodity price index surged 10.5 percent in November led by over all commodity prices rise in November.

ANZ economist Steve Edwards, while commenting on the biggest monthly gain since April 1986, added that the figures represent total recovery in the economy.

Edwards added, “Dairy’s not just there by itself. A lot of the prices are up fairly strongly.”

The index, based of New Zealand dollar earning, remained 11.7 per cent higher than October figures with rise in the prices of eight commodities against decline in three commodities.

The index covers changes in commodities including dairy, meat, timber and aluminum and accounts for around 60 per cent of total export earning of New Zealand.