The “GlobalDairyTrade” (GDT) is an auction platform for internationally traded commodity dairy products – and the next “trading event” is scheduled to begin at 1200GMT on 18 November 2014. Trading events typically last approximately 2-3 hours.
Recent auctions have seen big declines in the commodity prices for milk powder, which has weighed on the NZ dollar. Kiwi bulls will be looking for a stabilization in prices:
