NZD traders heads up - dairy auction Tuesday London time. What to expect.

Author: Eamonn Sheridan | Category: News

Global Dairy trade (GDT) auction today during London time (from midday)

Dairy price index on the up all this year so far;

Global Dairy trade (GDT) auction today during London time (from midday)

Via ASB for today: 
  • We expect whole milk powder prices to be unchanged at the GlobalDairyTrade auction overnight Tuesday. A fortnight ago, whole milk powder (WMP) prices fell by 1.3%. At the current juncture, futures pricing points to lift of around 1%. However, futures pricing have consistently overstated recent auction results. On this basis, we expect no change in WMP price rises.

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