Average price $3,339 per tonne
The latest dairy auction prices in New Zealand show a -0.4% decline to an average price of $3,339 per tonne.
- Whole milk powder price index falls 0.6%
- Whole milk price averages $3143/metric tonne
The NZDUSD trades at new session lows after the report to 0.7237. The 0.7201 is the low from July. That and the 50% of the move up from the 2017 low (May low) comes in at 0.7187.
Close risk for shorts is now the double bottom from last week at the 0.7251 level.
