Its the Global dairy Trade (or GlobaDairyTrade as the cool kids say) auction day Tuesday 16 October 2018

Recent results:

ASB expect:

  • whole milk powder prices to remain soft
  • futures pricing suggests WMP prices will fall
  • NZ production and auction volume offerings peaking over October
  • we anticipate that prices will remain subdued until the dual peaks pass
  • Low WMP futures prices for the current season (all under $2,850) reflect milk production's strong start to the season that was also captured in Fonterra's latest forecast last week

Results will start to come in from around midday London time