ANZ lowered its milk price forecast to a range of $6.25-6.50 after the drop in prices at this morning’s GDT.
Investing in Property: Hamilton is undergoing a commercial property boom.
"Some banks have stopped participating in recent years and with that comes an increased risk that benchmarks won't be robust."
Futures were picking a 5% gain on the platform but whole milk powder prices fell by almost 3%.
Net profit dipped 1% to $1.19 billion in the three months ended June 30 for the country's licensed banks.
The CEO will leave next Easter while the bank's GM marketing and comms leaves for Westpac next month.
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