Friday, March 29, 2024

Steep lift in dairy index

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The dairy price index of the Food and Agriculture Organization of the United Nations shot up to 258.8 points in the month of April.  The 15% lift in the index was driven by the steep decline in New Zealand’s milk production at that time.  The price leap was also seen as a reflection of the lack of commercial stocks to cater for such an unexpected reduction in availability.  
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