New Zealand – dairy auction overnight "unchanged from the previous event" via ForexLive

• Dairy auction overnight did not fall
• The GlobalDairyTrade index was unchanged from the previous event; that was the US dollar index (in NZ dollar terms it was up +1.25%)
• The first rise since May and the largest rise since February
• Better result than expeted
• Prices for cheese and butter did continue their declines, but the milk powders was where the strength was
• Whole milk powder added 0.6 per cent to US$2,692 a tonne
• Volumes sold in this  event were the second highest of the year

Info via NZ Herald and NZInterest

posted via ForexLive