Considering both the aspects of global price and New Zealand dollar, the ANZ's export commodity rates reached record all-time highs, last month. Since last year, the New Zealand dollar terms export prices have increased
30%.

Opposing the weakness in "hard" commodities, the index elevated 2.5%; this resulted in an inclination of 2.9% if interpreted into New Zealand dollars. These figures resulted in reduction of the New Zealand Dollar as against the US Dollar and the Japanese Yen.

The revival that occurred last month was "broad-based" with heaves in 8 out of 13 commodities recorded by the index.

Trades in the dairy products, contributing to 38% of the trade-weighted index heightened 4% and reached 64% in one year.

According to ANZ Economist, Mark Smith, it was informed that the sheep meat prices increased steadily over the last three years, as it mirrored a tougher global supply.

He added that because of the decreasing returns for meat and wool in Australia and New Zealand since 15 years, the farmers opted for cereals, dairying or dairy support. It has been known that due to draught in two countries in previous years, the sheep numbers also feel and also the partial removal of European subsidies did same to the Britain and Ireland.

Lamb, with 15% was 3% raised and touched a record high in the 24-year history of the ANZ index.

This peaking happened even when the beef prices declined by 3%. Lamb is the second highest weighting in the index.