# Dairy prices up at GDT for ninth time in a row | RNZ

> Dairy prices rose slightly at the latest GDT auction, the ninth consecutive gain and the highest level in nearly two years. The average price was up just under 1% to US$3,483 a tonne. Whole milk powder fell 1.3%, while butter and cheese rose strongly.

- Date: 2019-04-02 · published 2019-04-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8729-dairy-prices-up-at-gdt-for-ninth-time-in-a-row-rnz
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A ninth straight GDT gain indicates firming global dairy demand and pricing. The effect on feed markets is limited.

## Read by commodity

- MILK: bullish ▲

## Sources

- rnz.co.nz: https://www.rnz.co.nz/news/business/386221/dairy-prices-up-at-gdt-for-ninth-time-in-a-row

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