Global Dairy trade (GDT) auction today during London time (from midday)
Dairy price index on the up all this year so far;
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.