Eamonn has all the details here
The latest Global Dairy Trade auction is now underway with the result normally released after 2 hours. More detail from GDT here
Expectations are more bullish than in recent times helped by more upbeat forecasts from Fonterra and the lifting of a ban by Russia on NZ dairy products
NZDUSD currently 0.6579 with offers noted into 0.6600 and 0.6625. Support starts around 0.6570 then 0.6550
Not forgetting that the UK milk market is experiencing big problems of its own
Uncertain times for the dairy traders and indeed the cows
