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The ANZ commodity price index rose 1% in April and was up 7.1% year on year. Dairy prices gained 2.7% on sluggish European output and stronger Chinese buying at GDT auctions.
Aluminium rose 8% after US sanctions on Rusal, while meat and fibre prices fell 1.9%.
Tighter European dairy supply and firmer Chinese demand support global milk powder and butter prices.
businessdesk.co.nzRebecca HowardMay 2, 2018Not 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.
