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FAO reports world food prices rose at their fastest monthly pace in more than a decade, with the index reaching its highest level since September 2011. DAP fertiliser in New Zealand has reached about NZD 1,000/tonne, a 10-year high, up from about NZD 800 a year earlier.
A broad commodities rally is lifting both fertiliser and grain and oilseed prices, which keeps feed input costs elevated and reinforces firm prices for corn, soy and vegetable oils.
nzherald.co.nzJamie GrayJun 25, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
