New Zealand commodity prices declined for the ninth consecutive month in November, to the lowest level since February last year, as milk powder prices fell to five-year lows. The ANZ Commodity Price Index dropped 1.6 percent to 286.3 last month, 12.4 percent lower than its reading the same month a year ago and the lowest for a November month since 2012. Skim …

New Zealand tractor sales hit their highest level in a decade in the third quarter as farmers benefiting from this year’s record milk payout and the high local currency bought new equipment. Tractor registrations rose 8.8 percent to 925 in the three months through September, from the same quarter a year earlier, according to Land Transport Safety Authority figures published by Statistics …

Spark New Zealand, formerly Telecom Corp, is reviewing its prices, saying today’s Commerce Commission draft decision on wholesale copper line pricing threatens to push up the telecommunications company’s costs. The shares fell. Auckland-based Spark anticipates input costs will rise by an annual $60 million as a result of Telecommunications Commissioner Stephen Gale’s proposal to raise the monthly total charge allowable for the unbundled …