New data Global Dairy Trade Price Index (Feb/04)
2/4/2025
actual 3.7, previous 1.4
The Global Dairy Trade Price Index measures the changes in the average price of dairy products sold at auction on the Global Dairy Trade platform. In this event on February 4, 2025, the index showed a significant increase of 164.286% compared to the previous value. The actual index value was 3.7%, up from the previous value of 1.4%. This indicates a strong positive movement in dairy product prices, which could have implications for the dairy industry in New Zealand (NZ) and potentially impact the value of the New Zealand Dollar (NZD). The event is categorized as having a low impact, but the notable increase suggests it may still be of interest to market participants.This is not investment advice. Remember to verify the information provided here.
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