# GDT lift boosts milk price forecast

> Whole milk powder prices at the latest GlobalDairyTrade auction rose 4.2%, the biggest percentage gain since April. Fonterra cut its New Zealand seasonal milk collection forecast to 1,480 million kg of milksolids because of dry conditions in major dairying regions.

- Date: 2018-01-04 · published 2018-01-04T12:00:00.000Z
- Category: weather · region New Zealand · magnitude medium
- Page: https://feedsoft.ai/events/7149-gdt-lift-boosts-milk-price-forecast
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Drought-reduced New Zealand milk output tightens global whole milk powder supply, supporting dairy prices and the farmgate price forecast. Buyers of dairy-based feed ingredients should expect firmer prices if dry weather persists.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-01-03 | [Milk price forecast turns a corner](https://feedsoft.ai/events/5206-milk-price-forecast-turns-a-corner.md) | -10.5% | -13.1% |
| MILK | 2018-01-02 | [Dairy prices lift as milk volumes tighten](https://feedsoft.ai/events/5207-dairy-prices-lift-as-milk-volumes-tighten.md) | -10.1% | -9.9% |
| MILK | 2019-02-20 | [International prices for milk and dairy products](https://feedsoft.ai/events/9987-international-prices-for-milk-and-dairy-products.md) | -0.3% | +6.8% |
| MILK | 2016-11-03 | [Supply cut lights price fuse](https://feedsoft.ai/events/4648-supply-cut-lights-price-fuse.md) | +13.3% | +15.8% |
| MILK | 2019-07-01 | [Milk, corn prices up in 2019 \| Idaho Farm Bureau](https://feedsoft.ai/events/4199-milk-corn-prices-up-in-2019-idaho-farm-bureau.md) | +6.5% | +7.4% |

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/gdt-lift-boosts-milk-price-forecast/

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