• Average selling price $3000 per ton
  • Prior auction -8.4%
  • Tonnage auctioned -4.1% on prior auction

Full details from the auction here NZD/USD falls to 0.8418 but has bounced back to 0.8440

On the whole it’s not as bad as the previous auctions have been. I know sweet Fannie Adams about New Zealand milk auctions though so don’t ask me.

Bloomberg cocked the numbers up on their release as they had whole milk powder -11.5% when it was up 3.4%

NZD/USD is still holding above support at 0.8400/10

NZDUSD Daily chart 19 08 2014