14.01.2014 - Optimistic outlook for NZ commodities
Analysts are predicting a positive outlook for New Zealand-produced agricultural commodities in 2014 as demand continues to outstrip supply of dairy, beef and wool. Milk powder prices should hold up "pretty well" this year and any significant easing would not occur until the second and third quarters of 2014, Rabobank director of dairy research Hayley Moynihan said. "Our commodity price in US dollars still has whole milk powder sitting at US$4500 per tonne by the time it gets to the third quarter of the year."..............................................Full Article: Source
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