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:
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%