Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand GlobalDairyTrade Price Index fell to -4.9% in June 2026
FMPMonthlyReleased July 2026
New Zealand GlobalDairyTrade Price Index fell to -4.9% in June 2026, released July 2026, down 2.1% from May's -2.8% reading.
Latest Release
-4.900000
Actual
—
Consensus
-2.800000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| NZD/USD | ▲ Direct | +0.43 | FOREX | Moves with | → View |
| AUD/USD | ▲ Direct | +0.37 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| NZD/JPY | ▲ Direct | +0.27 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GlobalDairyTrade Price Index (New Zealand) was reported at -4.9% in July 2026. The reading fell from the previous value of -2.8%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged -0.37%, ranging from -4.9% to 6.7% across 19 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged -2.77%, down from the prior three at 2.13%. Volatility over the past year (σ 3.53%) is higher than the prior year (σ 1.98%).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with NZD/USD (Bullish NZD). A secondary relationship exists with AUD/USD, positively correlated (Bullish AUD).
WHAT TO WATCH NEXT
The next release is scheduled for August 4, 2026. Same-country events in the next 14 days include Employment Change QoQ (Aug 4) and Unemployment Rate (Aug 4).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
SHARE
GlobalDairyTrade Price Index - NZ
Loading chart data...
About GlobalDairyTrade Price Index — New Zealand
DEFINITION
New Zealand's GlobalDairyTrade Price Index fell by -4.900000% in July, deepening the decline from June's -2.800000%. The sharper drop signals continued contraction in dairy prices month-over-month. Market participants will watch for further data as central bank policy remains cautious amid persistent price weakness. Updated 7/9/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual -4.9 %. Prior reading (Jun 2026): -2.8 %. Before that (Jun 2026): -2.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.43) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - NZ Events
| Sunday, August 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 22:45 | NZ | Building Permits MoM | -4 | -2.3 | -2.30 | Low | |