# While you were away… dairy round-up - Farmers Weekly

> The GDT index fell 3.9% at the first auction of 2017, driven by a 7.7% drop in whole milk powder. Australia's milk output hit a 20-year low and New Zealand's fell 4.5%, while First Milk raised its January A price by 2p per litre.

- Date: 2017-01-03 · published 2017-01-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11538-while-you-were-away-dairy-round-up-farmers-weekly
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Price falls amid tight Southern Hemisphere supply show the drop is a short-term adjustment, which limits the downside for milk prices.

## Read by commodity

- MILK: bearish ▼

## Sources

- fwi.co.uk: https://www.fwi.co.uk/business/markets-and-trends/milk-prices/away-dairy-round

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