# Dairy prices ease, volumes rise at auction - GDT events
						 | The Dairy Site

> The GDT Price Index fell 2.8% at the first auction of January 2023, with an average selling price of $3,365 per tonne. Volumes rose about 16.5% to 33,478 tonnes, and the previous auction had dropped 3.8%.

- Date: 2023-01-03 · published 2023-01-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5550-dairy-prices-ease-volumes-rise-at-auction-gdt-events-the-dairy-site
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower GDT prices and firmer volumes point to soft global dairy demand and pressure on export returns. The move is a routine auction result with limited direct effect on feed prices.

## Read by commodity

- MILK: bearish ▼

## Sources

- thedairysite.com: https://www.thedairysite.com/news/dairy-prices-ease-volumes-rise-at-auction-gdt-events

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