Dairy drives commodity swing upwards: ANZ
Fonterra lifted its farmgate milk price forecast last month after improving market conditions.
Dairy cattle on path.
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Dairy prices have helped to bolster ANZ’s World Commodity Price Index, more than offsetting weakness in other price groups.
The index, released this afternoon, notched a 2.4% gain in December, with an overall annual fall of 1.8% recorded.
ANZ rural economist Susan Kilsby said dairy prices improved
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