The GDT (GlobalDairyTrade) auction begins at midday in London. Results will start to come out about an hour and half after.
Futures pricing shows an expected gain of around 6% for WMP (Whole Milk Powder)
- Analysts expect this price rise will be due to wetter weather than normal in New Zealand leading to lower production volumes
- Higher dairy prices are a positive input for the NZD
Prior results (this for index, up 0.9% at the previous auction while WMP was up 0.6%):
