Dairy drives commodity swing upwards: ANZ
Fonterra lifted its farmgate milk price forecast last month after improving market conditions.
Dairy cattle on path.
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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