New Zealand's global dairy trade auction prices down -3.5% - ConsultFX

New Zealand's global dairy trade auction prices down -3.5%

Little reaction in the NZDUSD  The  auction results from New Zealand's global dairy trade are showing a decline of -3.5% 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 Copyright 2015 Forexlive.com