03.05.2013 - Commodity prices at record high
Dairy leads 12.6 per cent jump last month - largest rise in index's 27-year history.Led by dairy products, ANZ's commodity price index hit an all-time high last month but Fonterra's auction saw prices give back nearly half of April's gains. In world price terms, the ANZ index climbed 12.6 per cent - the largest monthly rise in its 27-year history. It was underpinned by a 26 per cent rise in dairy prices, which make up 44 per cent of the index and without which the rise would have been only 0.2 per cent...............................................Full Article: Source
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