As the virus shock recedes just a touch the data will once again become more of a focus.

For the kiwi traders its worth keeping an eye on price developments for this huge NZ export.

GlobalDairyTrade (GDT) auction begins at midday in London on Tuesday,

  • the results will come out in the hours following

Previous results:

gdt dairy nzd results

ANZ on what to expect:

  • mixed pricing signals across commodities and delivery periods but overall prices are expected to tick down again by about 2.5%
  • Offerings of whole milk powder for delivery in June and July have increased, signalling some combination of a smaller impact from the drought on milk supply, a push to sell more product while prices are still strong, and/or a desire to minimise stocks at balance date