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

News

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.

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