# Global dairy price hits break-even mark | RNZ

> The whole milk powder price rose 19.8% to US$3,317 per tonne at the GDT auction, moving above the roughly US$3,000 break-even level for New Zealand farmers for the first time in over two years. The overall GDT index rose 11.4%.

- Date: 2016-11-01 · published 2016-11-01T12:00:00.000Z
- Category: market · region New Zealand · magnitude medium
- Page: https://feedsoft.ai/events/4652-global-dairy-price-hits-break-even-mark-rnz
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Prices above farmer break-even levels signal a firmer global dairy market, with higher payouts expected if the rally holds.

## Read by commodity

- MILK: bullish ▲

## Sources

- rnz.co.nz: https://www.rnz.co.nz/news/business/317068/global-dairy-price-hits-break-even-mark

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