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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Milk Auctions climbed to 3,910 in August 2026
FMPMonthlyReleased September 2026
New Zealand Milk Auctions climbed to 3,910 in August 2026, released September 2026, up 37 from July's 3,873 reading.
Latest Release
3910.000000
Actual
—
Consensus
3873.000000
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 |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.85 | COMMODITIES | Moves against | → View |
| NZD/USD | ▼ Inverse | −0.70 | FOREX | Moves against | → View |
| AUD/USD | ▼ Inverse | −0.56 | FOREX | Moves against | → View |
| NZD/JPY | ▼ Inverse | −0.52 | FOREX | Moves against | → View |
| BTC/USD | ▲ Direct | +0.44 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Milk Auctions (New Zealand) was reported at 3,910.00 in September 2026. The reading rose from the previous value of 3,873.00. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 4,020.33, ranging from 3,778.00 to 4,330.00 across 9 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 3,853.67, down from the prior three at 3,931.00.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with NZD/USD, negatively correlated (Bearish NZD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (Sep 15) and Current Account (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Milk Auctions - NZ
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About Milk Auctions — New Zealand
DEFINITION
New Zealand's Milk Auctions rose to 3910.000000 USD in August, up from July's 3873.000000 USD, marking a modest increase. The steady climb from July to August indicates a slight recovery in dairy prices after a dip in June and July. Market participants will watch upcoming data for further confirmation of this trend. Updated 9/1/26
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 (Sep 2026): actual 3,910. Prior reading (Aug 2026): 3,873. Before that (Aug 2026): 3,778.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.85) — a useful reference for commodities-focused traders.
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Economic Calendar - NZ Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 22:45 | NZ | Electronic Retail Card Spending YoY | 0.2 | 3.4 | 3 | 1.60 | Low |
| 22:45 | NZ | Electronic Retail Card Spending MoM | -0.9 | 1.2 | -0.7 | -0.80 | Low |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 02:35 | NZ | 3-Month Bill Auction | 2.902 | 2.878 | 2.809 | 2.86 | Low |
| 21:00 | NZ | Westpac Consumer Confidence | 80.4 | 82.3 | 76.05 | Low | |
| 22:45 | NZ | Current Account | -1.01 | -2.65 | -2.64 | Medium | |
| 22:45 | NZ | Current Account | -1.01 | -7.5 | -7.49 | Medium | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 22:45 | NZ | GDP Growth Rate YoY | 1.5 | 2.3 | 2.50 | Medium | |
| 22:45 | NZ | GDP Growth Rate QoQ | 0.8 | 0.1 | 0.05 | Medium | |