# Milk price safe despite GDT

> GDT prices eased over the holiday period, with the index down 0.5% on December 21 and 3.9% on January 4. Whole milk powder fell about 8% across the two auctions but remains well above the season start.

- Date: 2017-01-05 · published 2017-01-05T12:00:00.000Z
- Category: market · region New Zealand · magnitude low
- Page: https://feedsoft.ai/events/11540-milk-price-safe-despite-gdt
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Analysts say low milk production should keep prices supported, so the decline does not yet threaten Fonterra's NZ$6/kg payout forecast.

## Read by commodity

- MILK: neutral

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/milk-price-safe-despite-gdt/

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