# Global dairy prices rise 5.1 percent to record high | RNZ

> The Global Dairy Trade price index rose 5.1 percent to 1593, a record high surpassing the April 2013 peak. Whole milk powder rose 5.7 percent to US$4757 a tonne and butter rose 5.9 percent.

- Date: 2022-03-01 · published 2022-03-01T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8435-global-dairy-prices-rise-5-1-percent-to-record-high-rnz
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A record GDT index signals strong global dairy demand and tight milk supply, which supports dairy prices and farmgate payouts and sustains demand for dairy-linked feed inputs.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2022-03-02 | 1 | +6.3% | 3.9 | Record GDT index jump of 5.1% on March 1 (whole milk powder +5.7%, butter +5.9%) signaled strong global demand and tight supply, lifting US Class III futures in sympathy. |
| MILK | 2022-03-08 | 5 | +8.5% | 2.8 | Record GDT index (+5.1%) on 2022-03-01 signaled strong global dairy demand and tight supply, supporting US dairy futures including Class III. |

## Sources

- rnz.co.nz: https://www.rnz.co.nz/news/business/462558/global-dairy-prices-rise-5-point-1-percent-to-record-high

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