# Mielke: GDT Auction Soars, Up 15% - EDairy News English

> The Global Dairy Trade index rose 15.0 percent, its largest gain since November 2016 and its eighth straight gain. Whole milk powder rose 21 percent and butter 13.7 percent, while buttermilk powder was the only product to fall. Traders attributed the jump mainly to Chinese buying, possibly for stockpiling.

- Date: 2021-03-03 · published 2021-03-03T12:00:00.000Z
- Category: trade · region New Zealand · magnitude high
- Page: https://feedsoft.ai/events/7528-mielke-gdt-auction-soars-up-15-edairy-news-english
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A move of this size signals tight global dairy supply against strong Chinese import demand, which pushes up dairy product and milk prices. Higher dairy prices also tend to strengthen demand for dairy feed ingredients.

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2021-03-03 | 1 | +4.8% | 4.2 | Reports the largest GDT gain since 2016 driven by Chinese buying and stockpiling, a demand-side shock that supported US dairy futures. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-07-30 | [U.S. Ag Groups Ask For More Trade Reforms - EDairy News English](https://feedsoft.ai/events/46059-u-s-ag-groups-ask-for-more-trade-reforms-edairy-news-english.md) | -2.4% | -3.0% |
| MILK | 2020-01-02 | [Higher Milk Prices Are Here — Now What? - EDairy News English](https://feedsoft.ai/events/4662-higher-milk-prices-are-here-now-what-edairy-news-english.md) | -12.0% | -11.7% |
| MILK | 2020-08-05 | [Restrained Milk Production Bodes Well For Prices, Exports - EDairy News English](https://feedsoft.ai/events/8834-restrained-milk-production-bodes-well-for-prices-exports-edairy-news-english.md) | -21.0% | -19.2% |
| MILK | 2021-03-26 | [Odd Conditions Reign Over Export, Dairy, Grain Markets - EDairy News English](https://feedsoft.ai/events/48123-odd-conditions-reign-over-export-dairy-grain-markets-edairy-news-english.md) | +8.1% | +9.0% |
| MILK | 2021-03-02 | [Dairy prices surge 15 percent in global auction \| RNZ](https://feedsoft.ai/events/7527-dairy-prices-surge-15-percent-in-global-auction-rnz.md) | +4.5% | +3.5% |

## Sources

- en.edairynews.com: https://en.edairynews.com/mielke-gdt-auction-soars-up-15/

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