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New Zealand commodity prices hit record high in January
date:Feb 10, 2014
forestry sub-group hit a record, while the dairy sub-group was at a nine-month high. The ANZ index covers commodities, which make up around 60 percent of the agricultural economy's NZ$48.1 billion ($38.90 billion) annual export earnings. New Zealand's terms of trade hit a 40 year high in the third quarter, driven by high commodity prices, especially for dairy produce.

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