The ANZ World Commodity Price Index lifted 0.5 m/m in April as stronger meat and aluminium prices offset further weakness in forestry returns. In New Zealand dollar terms, the index gained 2.7% m/m as the NZD Trade Weighted Index fell 1.0%. {chart} Global shipping prices generally softened a little through April as easing demand is offsetting ongoing restrictions in key shipping channels. Slowing global economic activity has curbed demand for goods, easing pressures in the shipping industry. There has also been an increase in the number of ships sailing, which has helped offset the longer delivery routes as ships ... (full story)