Global Dairy Trade (GDT) auction coming up, outcome from around midday London time today
You can see from recent results the improvement in the index price:
A dry summer in New Zealand has contributed to a reduction in supply and put a bid into price.
For today, futures are indicating ... not too much movement at all, if anything a small price gain (circa 1%)
ps. Barring any big surprise from this tonight the data focus from NZ for the week is Friday's retail sales report (Q4). More to come on this, later in the week.
