NZD traders – heads up for the GDT dairy auction coming up Tuesday, London time

  


GlobalDairyTrade (GDT) auction begins at midday in London on April 2, the results will come out in the hours following.

Recent results have been positive:

GlobalDairyTrade (GDT) auction begins at midday in London on April 2, the results will come out in the hours following.

Expected for today (this via ASB):

  • We expect whole milk powder prices to post a small rise at the GlobalDairyTrade auction overnight Tuesday. A fortnight ago, whole milk powder (WMP) prices rose by 4.0% and at the current juncture futures pricing points to a lift of over 4%. However, futures pricing have consistently overstated recent auction results. On this basis, we expect a smaller WMP price rise in the vicinity of 2%

ForexLive



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