Global Dairy Trade auction results -1.2% to average price of $3481 - ConsultFX

Global Dairy Trade auction results -1.2% to average price of $3481

Little reaction on NZDUSD The  auction results from New Zealand's global dairy trade are showing a decline of -1.2% in prices. The auction results can affect the New Zealand dollar as a dairy sector generates more than 7% Of the nation's gross domestic product.  The New Zealand milk cooperative, which is owned by 10,500 farmers, controls nearly