Fonterras Global Dairy Price index falls 7.4% at the recent auction

NZDUSD trades at new session lows.

The Fonterra global daily price index falls by 7.4% at the current auction (auctions are held twice a month). The average selling price came in at $2.569 per tonnne. The index fell 3.1% at the previous sale.

A total of 33,997 tonnes was sold at auction, down 1.5% from the previous one.

The NZDUSD has moved to session lows on the report.