# Dairy product prices fall for third straight GDT auction to seven-month low

> The GDT price index fell 3.5% at the latest auction to US$3105, its lowest since April, as whole milk powder dropped 5.5% and butter fell 3.6%. Skim milk powder recovered, and North Asian buyers purchased less overall.

- Date: 2017-11-08 · published 2017-11-08T12:00:00.000Z
- Category: market · region New Zealand · magnitude medium
- Page: https://feedsoft.ai/events/10560-dairy-product-prices-fall-for-third-straight-gdt-auction-to-seven-month-low
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Declining WMP prices and lower Asian buying weaken dairy commodity prices and milk price forecasts, with Chinese buyers possibly having finished stocking ahead of January tariff changes.

## Read by commodity

- MILK: bearish ▼

## Sources

- nbr.co.nz: https://www.nbr.co.nz/dairy-product-prices-fall-for-third-straight-gdt-auction-to-seven-month-low/

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