# Dairy product prices slip again

> The Global Dairy Trade price index fell 1.2% at the latest auction, with whole milk powder down 1% to US$3189 a tonne. Record New Zealand milk collections on improved weather weighed on the powder prices. Cheddar fell 3.6% while butter rose 0.8%.

- Date: 2018-06-19 · published 2018-06-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/64544-dairy-product-prices-slip-again
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower GDT prices reflect ample export milk supply, which pressures dairy commodity prices and gives buyers some relief on dairy ingredient costs.

## Read by commodity

- MILK: bearish ▼

## Sources

- odt.co.nz: https://www.odt.co.nz/rural-life/dairy/dairy-product-prices-slip-again-tti6219c

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