# Dairy product prices slip

> The Global Dairy Trade price index fell 1.9% at the latest auction, with whole milk powder down 1.2% to US$2,753 per tonne and butter down 5.9%. Demand for whole milk powder stayed strong, with North Asia buying over half of the volume sold.

- Date: 2018-10-02 · published 2018-10-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/62542-dairy-product-prices-slip
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower GDT prices reflect rising New Zealand milk supply, which weighs on global dairy prices, while Chinese buying ahead of the January tariff change offers some support.

## Read by commodity

- MILK: bearish ▼

## Sources

- odt.co.nz: https://www.odt.co.nz/rural-life/dairy/dairy-product-prices-slip-ld9eqfg4

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