# Dairy product prices advance for third straight auction - Newsroom

> The Global Dairy Trade price index rose 2.8 percent at the auction, its third consecutive gain, with an average of US$2,986 a tonne. Almost all products rose, with butter milk powder up 9.3 percent and skim milk powder up 7.9 percent, while offer volumes fell sharply.

- Date: 2019-01-02 · published 2019-01-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7670-dairy-product-prices-advance-for-third-straight-auction-newsroom
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower offer volumes alongside rising auction prices signal firmer global dairy prices, which supports milk price expectations for dairy farmers and feed demand.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2019-01-03 | 1 | +3.7% | 4.1 | The same GDT result, with sharply lower offer volumes and a third straight gain, points to tightening global supply and supports US dairy futures. |

## Sources

- newsroom.co.nz: https://newsroom.co.nz/2019/01/02/dairy-product-prices-advance-for-third-straight-auction/

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