- Average selling price $3000 per ton
- Prior auction -8.4%
- Tonnage auctioned -4.1% on prior auction
Full details from the auction here NZD/USD falls to 0.8418 but has bounced back to 0.8440
On the whole it’s not as bad as the previous auctions have been. I know sweet Fannie Adams about New Zealand milk auctions though so don’t ask me.
Bloomberg cocked the numbers up on their release as they had whole milk powder -11.5% when it was up 3.4%
NZD/USD is still holding above support at 0.8400/10
