# AgriHQ new season milk price above Fonterra forecast

> The AgriHQ Snapshot New Zealand milk price rose 12 cents to NZ$4.21 per kgMS after the June 1 GDT auction, where the index gained 3.4%. Skim milk powder rose 12.1%, while whole milk powder fell 1.7% on larger offered volumes.

- Date: 2016-06-01 · published 2016-06-01T12:00:00.000Z
- Category: market · region New Zealand · magnitude low
- Page: https://feedsoft.ai/events/7544-agrihq-new-season-milk-price-above-fonterra-forecast
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The firmer GDT result and weaker New Zealand dollar lift the farmgate price outlook, which supports global dairy prices and feed-related dairy demand.

## Read by commodity

- MILK: bullish ▲

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/agrihq-new-season-milk-price-above-fonterra-forecast/

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