# Milk price forecast turns a corner

> The AgriHQ New Zealand milk price forecast for 2017-18 rose one cent to $6.10 per kg milksolids after the January 2 Global Dairy Trade auction. Dry soils restricting pasture growth are curbing milk production, which is tightening whole milk powder supply.

- Date: 2018-01-03 · published 2018-01-03T12:00:00.000Z
- Category: weather · region New Zealand · magnitude medium
- Page: https://feedsoft.ai/events/5206-milk-price-forecast-turns-a-corner
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower NZ milk intakes from drought-limited pasture reduce whole milk powder output, supporting global WMP prices. The forecast remains below Fonterra's $6.40 outlook, so further upside depends on continued tight supply.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-01-04 | [GDT lift boosts milk price forecast](https://feedsoft.ai/events/7149-gdt-lift-boosts-milk-price-forecast.md) | -10.8% | -12.3% |
| MILK | 2019-07-01 | [Milk, corn prices up in 2019 \| Idaho Farm Bureau](https://feedsoft.ai/events/4199-milk-corn-prices-up-in-2019-idaho-farm-bureau.md) | +6.5% | +7.4% |
| MILK | 2019-02-20 | [International prices for milk and dairy products](https://feedsoft.ai/events/9987-international-prices-for-milk-and-dairy-products.md) | -0.3% | +6.8% |
| 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 | 2016-11-01 | [Milk price surges to highest point in 2 years - NZ Herald](https://feedsoft.ai/events/4649-milk-price-surges-to-highest-point-in-2-years-nz-herald.md) | +14.8% | +13.4% |

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/milk-price-forecast-turns-a-corner/

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