Dairy down, beef and lamb up in ANZ's latest commodity index

Beef markets made the biggest gains. (Image: Unsplash)

Thu, 04 May 2023

ANZ Bank sees positive signs in the dairy market globally despite a 4.9% fall in dairy prices month on month in April. The ANZ World Commodity Price Index fell 1.7% month on month in April. In local currency terms, the index lost 1.4% month on month, supported by a 0.4% easing of the NZ dollar in terms of the trade weighted index. The meat and fibre index gained 2.7% month on month in April. Prices for both lamb and beef improved, but the beef markets made the biggest gains. ANZ noted that beef demand tended to be more...

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