# Dairy prices continue upwards

> Global Dairy Trade auction prices rose for a seventh consecutive time, and a further bank economist raised the farm-gate milk price forecast to NZ$6.40/kg milksolids. Westpac raised its next-season forecast to $7. Fonterra cut its milk production forecast from 3% growth to 2% after dry weather affected milk flow.

- Date: 2019-03-07 · published 2019-03-07T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/60103-dairy-prices-continue-upwards
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A sustained GDT rally and cut to New Zealand milk output forecasts support higher global dairy prices. Dry weather that trims supply is a key factor in the price outlook.

## Read by commodity

- MILK: bullish ▲

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/dairy-prices-continue-upwards/

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