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New Zealand Commodity Prices Extend Gains On Dairy, Dollar

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New Zealand commodity export prices rose for a third month as a softer local currency and recovering global demand for dairy products combined to boost returns.

Prices in New Zealand dollars gained 3.1% in October from September, when they improved 2%, ANZ Bank New Zealand said Monday in Wellington. From a year earlier, prices fell 8.6%, which is the smallest annual decline since December.

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