# Fat demand keeps dairy commodity prices up

> The latest Global Dairy Trade auction lifted the GDT index 2.7%, with anhydrous milk fat up 5.3% and butter up 2.9%. World butter prices are back near all-time highs and are up 27% so far this year. New Zealand's Fonterra farmgate forecast of NZ$6.55 per kg milk solids looks secure.

- Date: 2018-04-18 · published 2018-04-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/65519-fat-demand-keeps-dairy-commodity-prices-up
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Strong global fat demand and rising butter prices support world dairy values, especially as New Zealand's export season is at its weakest.

## Read by commodity

- MILK: bullish ▲

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/fat-demand-keeps-dairy-commodity-prices-up/

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