# Dairy prices lift as milk volumes tighten

> The GDT Price Index rose 2.2% at the first auction of 2018, led by a 4.2% gain in whole milk powder prices. Fonterra cut its 2017-18 NZ milk intake forecast by about 4% due to dry pasture conditions and reduced WMP volumes offered for sale.

- Date: 2018-01-02 · published 2018-01-02T12:00:00.000Z
- Category: weather · region New Zealand · magnitude medium
- Page: https://feedsoft.ai/events/5207-dairy-prices-lift-as-milk-volumes-tighten
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Dry conditions reducing New Zealand milk supply tighten global powder availability and lift export prices. The gain was smaller than the 6% some traders expected, so the rally may be limited.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-07-22 | [Hot Weather Gives Cheese Markets a Boost as Milk Supplies Tighten - Dairy Herd](https://feedsoft.ai/events/18528-hot-weather-gives-cheese-markets-a-boost-as-milk-supplies-tighten-dairy-herd.md) | +0.2% | +5.0% |
| 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 | 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 | 2018-01-03 | [Milk price forecast turns a corner](https://feedsoft.ai/events/5206-milk-price-forecast-turns-a-corner.md) | -10.5% | -13.1% |

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/dairy-prices-lift-as-milk-volumes-tighten/

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