# Fonterra forecast under pressure after third GDT price fall - NZ Herald

> Global Dairy Trade prices fell 3.5% at the latest auction, with whole milk powder down 5.5% to US$2852 a tonne and butter down 3.6%. The fall puts pressure on Fonterra's $6.75/kg forecast, though a roughly 4% drop in the NZ dollar offsets part of the decline.

- Date: 2017-11-07 · published 2017-11-07T12:00:00.000Z
- Category: market · region New Zealand · magnitude medium
- Page: https://feedsoft.ai/events/10559-fonterra-forecast-under-pressure-after-third-gdt-price-fall-nz-herald
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weaker dairy product prices reduce milk price expectations and lower returns for dairy farms, with a softer NZ dollar partly cushioning the effect for exporters.

## Read by commodity

- MILK: bearish ▼

## Sources

- nzherald.co.nz: https://www.nzherald.co.nz/business/companies/agribusiness/fonterra-forecast-under-pressure-after-third-gdt-price-fall/FRY43E43ODCSGTYQK2NLCPCT5U/

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