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NZD traders - Global Dairy Trade auction today during London time

A heads up preview for New Zealand dollar traders with the GDT auction later today

  • Due from 1200GMT
  • The previous auction saw a 3.6% increase in the index

  • Fu­tures mar­ket pric­ing is sug­gest­ing a 5 to 10% increase in prices

  • Fonterra has reduced the volume of whole milk powder offered for sale

This is the final auction for the year

-

2015 won't go down as a bumper year for dairy prices:

So far this year:

Glob­alDairyTrade (GDT) price in­dex started 2015 at 784

  • Rose through to March to 985
  • Down to 514 in Au­gust
  • Bounced to 837 in Oc­to­ber

Prices for wholemilk pow­der:

  • Peaked at US$3272 a tonne in Fe­bru­ary
  • Down to US$1590 in Au­gust
  • Bounced to US$2824 a tonne in Oc­to­ber
  • Down to US$2158 in November

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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