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

  


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




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

Recent results:

GlobalDairyTrade (GDT) auction begins at midday in London 21 May 2019 ASB on what they expect:
  • We expect whole milk powder prices to fall 2% at the GlobalDairyTrade auction 
  • With prices relatively high, It appears that buyers are sitting on their hands and waiting for the spring lift in NZ production. This situation is leading prices to drift lower. However, we anticipate that markets are likely to be disappointed as we expect NZ spring production to undershoot production levels from a year ago

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