# Dairy product prices slide amid confidence in outlook for supply

> The GDT price index fell 1% to $3,204 a tonne at the 18 October auction, its sixth decline in nine events. Whole milk powder slipped 0.5% to $3,014 and skim milk powder slumped 5.6% to $1,797 a tonne, partly on uncertainty over the EU intervention scheme.

- Date: 2017-10-17 · published 2017-10-17T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/68466-dairy-product-prices-slide-amid-confidence-in-outlook-for-supply
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Falling GDT prices and buyers' confidence in supply point to lower global dairy ingredient values. Weaker SMP and WMP reduce the value of dairy-based feed ingredients.

## Read by commodity

- MILK: bearish ▼

## Sources

- businessdesk.co.nz: https://www.businessdesk.co.nz/news/dairy-product-prices-slide-amid-confidence-in-outlook-for-supply/75E566SLWZPSRFKYHFSWYFWFSI/
- nbr.co.nz: https://www.nbr.co.nz/dairy-product-prices-slide-amid-confidence-in-outlook-for-supply/

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