Heads up for NZD traders - dairy auction in London time Tuesday

Global Dairy Trade auction coming up

The previous auction, two weeks ago, saw little change (New Zealand dairy auction GDT price index +0.0% ):

Futures are pointing to a price rise in WMP this time.

The most recent commentary from Fonterra is looking for some stabilisation in the market (NZ - Fonterra milk price forecast for 2016 / 17 unchanged at $4.25).