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NZD traders - heads up for the GlobalDairyTrade auction Tuesday London time

NZD traders - heads up for the GlobalDairyTrade auction Tuesday London time

News
Eamonn Sheridan
01/10/2018 | 23:49 GMT

Expectations are for a gain in WMP (whole milk powder) price of around 1%

Via ASB on the auction tonight:

  • peak NZ production approaching
  • coinciding with a peak in auction volume offerings
  • we anticipate that prices will remain subdued until the production peak passes

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