Tuesday 5th March at 1200 GMT brings the GDT (GlobalDairyTrade) auction.
Recent results:
ASB's outlook:
- We expect whole milk powder (WMP) prices to build on recent gains
- WMP prices have lifted by over 13% so far this year
- At the current juncture, futures pricing suggests WMP prices will rise by 4%. We are not as bullish as that, but still expect a rise in the vicinity of 2%.
