Heads up for GDT milk auction due in the London session later

The latest Global Dairy Trade milk auction will be coming up today - 1 May 2018

One to keep an eye out for NZD traders. There's no particular set time for the event but more often than not it's expected some time during midnight local time.

The last auction on 17 April saw prices rebound after four consecutive falls. Latest reports are suggesting that the rebound should be sustainable after Fonterra said that their milk output fell by 1% in March.

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