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9 Apr 2020 22:59
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  •   Home > News > Business

    A sharemarket expert says a drop in global dairy prices was somewhat expected

    A sharemarket expert says a drop in global dairy prices was somewhat expected


    Fonterra
    Fonterra
    It comes amid growing fears following the outbreak of the deadly coronavirus in China.

    Overall, prices at Fonterra's latest overnight auction are down 4.7 percent on a fortnight ago.

    JMI Wealth Director Andrew Kelleher says they're putting it down to a sentiment-driven sell off.

    He says market weakness was expected.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     09 Apr: Wellington city councillors have thrown out the idea of a rates freeze -- but payment deferrals will still be allowed
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     09 Apr: Spending on eating out and accommodation plunged more than a third in March, after the outbreak of Covid 19
     09 Apr: A Christchurch-based cryptocurrency exchange that suffered a devastating breach, will have to try to pay off its customers
     09 Apr: Not too many hiccups - just yet - to our trade exports due to covid-19
     08 Apr: Wellington cheese and Ice cream brand Zany Zeus may have changed ownership, but consumers can still look forward to their favourite treats
     08 Apr: A Christchurch bread company is losing millions ... because it is not an essential service
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