The ANZ World Commodity Price Index lifted 1.1% m/m in May as stronger dairy and aluminium prices offset lower returns for meat and horticultural produce. In New Zealand dollar terms, the index fell 0.7% m/m as the NZD Trade Weighted Index lifted 1.3%. {chart} Global shipping prices firmed during May. The volatile Baltic Dry Index did ease slightly during the month, but both the China Containerised Freight Index and the Harper Peterson Index increased. Global shipping routes remain subject to disruptions, and this has prompted unprecedented demand for charter ships. Charter ships give exporters more control of the ... (full story)