New Zealand’s commodity prices showed signs of stabilisation in September, with the ANZ Commodity Price Index improving to -0.4% month‑on‑month, up sharply from a revised -4.0% in the previous period. The latest data, released on 3 September 2026, indicates that while prices are still declining overall, the pace of the downturn has slowed notably.
The index compares price movements each month against the prior month, highlighting a moderation in the commodity sector’s recent weakness. The previous reading captured a steep month‑over‑month fall, while the latest figure suggests that pressures on key export prices may be beginning to level off.
Although the index remains in negative territory, the reduced rate of decline will be closely watched by markets and policymakers as a potential early sign that global and domestic demand for New Zealand’s exports is finding a floor after a period of sharper contraction.
