I doubt there will be a lot of focus on this, obviously its on coronavirus outbreak developments.
Nevertheless, for the kiwi traders its worth keeping an eye on
dairy is a substantial NZ export
GlobalDairyTrade (GDT) auction begins at midday in London on Tuesday,
the results will come out in the hours following
Previous results:
What to expect (via ASB):
We expect whole milk powder (WMP) prices to stabilise further and to come in largely unchanged
At this juncture, futures pricing points to a circa 1% WMP fall. However, futures have been overshooting actual auction price falls over recent auctions.
