# Fonterra milk price looks doubtful

> Global Dairy Trade prices fell 3.5% at the November 7 auction, with whole milk powder down 9.3% for January shipment to US$2852 a tonne. AgriHQ cut its farmgate milk payout forecast to $6.24/kg MS, more than 50 cents below Fonterra's reconfirmed $6.75 price.

- Date: 2017-11-09 · published 2017-11-09T12:00:00.000Z
- Category: market · region New Zealand · magnitude medium
- Page: https://feedsoft.ai/events/10556-fonterra-milk-price-looks-doubtful
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Falling WMP and butter prices weaken dairy commodity demand and pressure milk price forecasts, with Chinese tariff timing a possible factor in softer demand.

## Read by commodity

- MILK: bearish ▼

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/fonterra-milk-price-looks-doubtful/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.