# GDT kicks off 2019 with a boost with 3rd consecutive rise - Agriland.ie

> The Global Dairy Trade auction, event 227, opened 2019 with the price index up 2.8 percent, its third consecutive rise after seven declines in late 2018. All products rose, with butter milk powder up 9.3 percent and skim milk powder up 7.9 percent, and sweet whey powder was unavailable.

- Date: 2019-01-02 · published 2019-01-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7675-gdt-kicks-off-2019-with-a-boost-with-3rd-consecutive-rise-agriland-ie
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The third straight auction gain after a weak late 2018 signals a firming global dairy price trend, supportive for milk prices.

## 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 GDT auction on Jan 2 rose 2.8% with broad gains in powders and whey-related products, signaling stronger global demand and lifting US Class III futures sentiment. |

## Sources

- agriland.ie: https://www.agriland.ie/farming-news/gdt-kicks-off-2019-with-a-boost-with-3rd-consecutive-rise/

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