# Dairy prices 'to rise' at Tuesday's GlobalDairyTrade, buoyed by NZ output slide - Grain Price News

> Dairy prices were expected to rise at Tuesday's GDT auction, with futures for whole milk powder trading 1-4 percent above the previous event. New Zealand milk output fell 4.9 percent year on year in August, the weakest start to a season in four years. Analysts expect output to stay low into October's spring flush.

- Date: 2022-10-03 · published 2022-10-03T12:00:00.000Z
- Category: weather · region New Zealand · magnitude medium
- Page: https://feedsoft.ai/events/5116-dairy-prices-to-rise-at-tuesday-s-globaldairytrade-buoyed-by-nz-output-slide
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower New Zealand output tightens global dairy powder supply, supporting export prices. Weather-driven shortfalls can keep global milk prices firm into the spring.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2022-09-25 | [Global dairy deficit to buoy milk markets](https://feedsoft.ai/events/9912-global-dairy-deficit-to-buoy-milk-markets.md) | -0.1% | +9.8% |
| MILK | 2018-06-20 | [Where are milk prices headed in rising dairy markets? - Farmers Weekly](https://feedsoft.ai/events/64546-where-are-milk-prices-headed-in-rising-dairy-markets-farmers-weekly.md) | -0.7% | -7.0% |
| MILK | 2024-06-27 | [With commodity prices boosted, what are the prospects for UK dairy?](https://feedsoft.ai/events/29758-with-commodity-prices-boosted-what-are-the-prospects-for-uk-dairy.md) | -1.7% | -0.2% |
| MILK | 2018-01-02 | [Dairy prices lift as milk volumes tighten](https://feedsoft.ai/events/5207-dairy-prices-lift-as-milk-volumes-tighten.md) | -10.1% | -9.9% |
| MILK | 2017-07-06 | [Food Prices Near 2-Year High Thanks to a Record Surge in Butter and Wheat - Bloomberg](https://feedsoft.ai/events/6181-food-prices-near-2-year-high-thanks-to-a-record-surge-in-butter-and-wheat.md) | -0.3% | +5.2% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/10/03/dairy-prices-to-rise-at-tuesdays-globaldairytrade-buoyed-by-nz-output-slide/

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