Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand GlobalDairyTrade Price Index fell to -0.6% in May 2026
FMPMonthlyReleased June 2026
New Zealand GlobalDairyTrade Price Index fell to -0.6% in May 2026, released June 2026, down 1.2% from April's 0.6% reading.
Latest Release
-0.600000
Actual
—
Consensus
0.600000
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 | Signal Bias | Action |
|---|---|---|---|---|---|
| NZD/USD | ▲ Direct | +0.40 | FOREX | Bullish NZD | → View |
| NZD/JPY | ▲ Direct | +0.33 | FOREX | Bullish NZD | → View |
| AUD/USD | ▲ Direct | +0.33 | FOREX | Bullish AUD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Bullish XAU | → 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 -2.8% in June 2026. The reading fell from the previous value of -0.6%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 0.04%, ranging from -4.4% to 6.7% across 19 releases.
WHY IT MATTERS
The trailing three releases averaged 0.03%, down from the prior three at 5.33%. Volatility over the past year (σ 3.32%) is higher than the prior year (σ 2.11%). In June readings over the past 3 years, GlobalDairyTrade Price Index has averaged -1.07%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with NZD/USD (Bullish NZD). A secondary relationship exists with NZD/JPY, positively correlated (Bullish NZD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (Jun 16) and GDP Growth Rate QoQ (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
SHARE
GlobalDairyTrade Price Index - NZ
Loading chart data...
About GlobalDairyTrade Price Index — New Zealand
DEFINITION
New Zealand's GlobalDairyTrade Price Index fell by -2.800000% in June, a sharper decline than May's -0.600000%. This marks a significant contraction in dairy prices month-over-month, reversing the modest improvement seen in May. Market participants will watch for further data as central bank policy remains cautious amid volatile commodity prices. Updated 6/16/26
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 (Jun 2026): actual -2.8 %. Prior reading (Jun 2026): -2.8 %. Before that (Jun 2026): -0.6 %.
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.