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NZD traders heads up – dairy auction Tuesday London time. What to expect.


Global Dairy trade (GDT) auction today during London time (from midday)

Dairy price index on the up all this year so far;

Via ASB for today: 

  • We expect whole milk powder prices to be unchanged at the GlobalDairyTrade auction overnight Tuesday. A fortnight ago, whole milk powder (WMP) prices fell by 1.3%. At the current juncture, futures pricing points to lift of around 1%. However, futures pricing have consistently overstated recent auction results. On this basis, we expect no change in WMP price rises.

ForexLive



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