# Farmers nervous as milk prices slide | RNZ

> Whole milk powder fell 2.7% at the GDT auction to US$2,778 per tonne, its lowest level since October 2016. Fonterra reported October milk production up 3%, and ASB cut its forecast payout by 25 cents to NZ$6.50 per kg milk solids.

- Date: 2017-11-22 · published 2017-11-22T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9920-farmers-nervous-as-milk-prices-slide-rnz
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher New Zealand supply combined with weaker global dairy prices points to continued downward pressure on dairy product prices and farm payouts.

## Read by commodity

- MILK: bearish ▼

## Sources

- rnz.co.nz: https://www.rnz.co.nz/news/country/344449/farmers-nervous-as-milk-prices-slide

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