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Dairy product prices fall to five-year low

Dairy product prices fall to five-year low

By Margreet Dietz Nov. 19 (BusinessDesk) - Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. The GDT average winning price slid 3.1 percent to US$2,561, the lo...

18 Nov 2014
MARKET CLOSE: NZX 50 rises to record, led by A2 Milk; Genesis, Meridian gain

MARKET CLOSE: NZX 50 rises to record, led by A2 Milk; Genesis, Meridian gain

By Suze Metherell Nov. 18 (BusinessDesk) - New Zealand shares rose to a record, led by A2 Milk Co as it flagged a dual-listing on the ASX. DNZ Property Fund, Genesis Energy and Meridian Energy paced the gains, as investors looked for yield in a fully priced market. The NZX...

18 Nov 2014
NZ dollar holds gains ahead of dairy auction as yen remains weak

NZ dollar holds gains ahead of dairy auction as yen remains weak

By Jonathan Underhill Nov. 18 (BusinessDesk) - The New Zealand dollar held its gains ahead of the GlobalDairyTrade auction as traders ponder the prospects for prices to bottom out for the nation's biggest export commodity. The kiwi dollar rose to 79.34 US cents from 79.18 c...

18 Nov 2014