A heads up preview for New Zealand dollar traders with the GDT auction later today

  • Due from 1200GMT
  • The previous auction saw a 3.6% increase in the index
  • Fu­tures mar­ket pric­ing is sug­gest­ing a 5 to 10% increase in prices
  • Fonterra has reduced the volume of whole milk powder offered for sale

This is the final auction for the year

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2015 won't go down as a bumper year for dairy prices:

So far this year:

Glob­alDairyTrade (GDT) price in­dex started 2015 at 784

  • Rose through to March to 985
  • Down to 514 in Au­gust
  • Bounced to 837 in Oc­to­ber

Prices for wholemilk pow­der:

  • Peaked at US$3272 a tonne in Fe­bru­ary
  • Down to US$1590 in Au­gust
  • Bounced to US$2824 a tonne in Oc­to­ber
  • Down to US$2158 in November