NZX milk powder futures point to 5th successive decline in looming GDT auction

Tue, 05 May 2015

By Tina Morrison May 5 (BusinessDesk) - New Zealand whole milk powder future contracts weakened this morning as traders pulled back their expectations heading into tonight's GlobalDairyTrade auction, where New Zealand's biggest dairy export product is expected to post its fifth successive price decline The current May whole milk powder futures contract last traded at US$2,280 a tonne on the NZX, a discount to the US$2,380/t winning price at the last GDT on April 15, suggesting the price will decline at tonight's auction. The June WMP f...

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