# Dairy product prices decline for second straight auction - NZ Herald

> The GDT price index fell 3.9% to US$3,463 at the first auction of 2017, its second consecutive decline. Whole milk powder prices unexpectedly sank as more volume was offered.

- Date: 2017-01-03 · published 2017-01-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11536-dairy-product-prices-decline-for-second-straight-auction-nz-herald
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher offered volume with weak demand points to lower global dairy returns and softer milk prices.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2017-01-06 | 1 | -4.5% | -3.2 | A second consecutive GDT decline with more volume offered reinforced bearish global dairy sentiment. |

## Sources

- nzherald.co.nz: https://www.nzherald.co.nz/the-country/news/dairy-product-prices-decline-for-second-straight-auction/347QH6ZFI7ISGWJN7DJNDZF36E/

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