Heads up for NZD traders – Latest GDT auction now underway 4 April

The fortnightly Global Dairy Trade Auction has now started 4 April
The resulting figure measures the weighted-average price of 9 dairy products sold at auction every 2 weeks. It is viewed as a leading indicator of New Zealand’s trade balance because rising commodity prices boost export income. The dairy industry is New Zealand’s biggest export earner, accounting for more than 29% by value of the country’s exports.