# Dairy Prices Start 2019 With 2.8 Pct Gain At GDT Auction - EDairy News English

> The Global Dairy Trade auction opened 2019 with a 2.8 percent rise in the price index, with gains across all products on offer. Whole milk powder rose 1.2 percent to US$2,705 a tonne, which has the greatest bearing on Fonterra's farmgate milk price.

- Date: 2019-01-03 · published 2019-01-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7673-dairy-prices-start-2019-with-2-8-pct-gain-at-gdt-auction-edairy-news-english
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rising whole milk powder prices at the auction support Fonterra's farmgate milk price outlook, though rising New Zealand production limits the gains.

## 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 | Reports on the GDT auction published Jan 3 with whole milk powder up 1.2% reinforced the bullish global demand signal as the market digested it. |

## Sources

- en.edairynews.com: https://en.edairynews.com/dairy-prices-start-2019-with-2-8-pct-gain-at-gdt-auction/

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