Dairy product prices held at elevated levels in the last GlobalDairyTrade auction for 2013, with rennet casein rising to its second straight record while whole milk powder fell. The GDT Price Index rose 0.2 percent compared to the last sale two weeks ago. The average winning price was US$4,990 a tonne compared to US$4,973 a tonne. The average winning price …

Improving government finances mean the Treasury will issue $2 billion less in government bonds in the current financial year, will buy back up to $3 billion of bonds on issue, and will delay the launch of a new long-dated bond until the next financial year, at the earliest. A statement from the New Zealand Debt Management Office accompanying today’s Half …

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