There is so much else to focus on, but for those tracking NZD keeping one eye on dairy prices is worthwhile.

GlobalDairyTrade (GDT) auction begins at midday in London, the results will come out in the hours following.

Recently:

There is so much else to focus on, but for those tracking NZD keeping one eye on dairy prices is worthwhile.

For today, this via ASB:

  • We expect whole milk powder (WMP) prices to fall 3.0%
  • The market remains concerned about the impact of the coronavirus on short-term global dairy demand, given the outbreak has spread beyond China's borders. Over February, WMP prices slid over 8% on the back of the coronavirus concerns.