Westpac senior analyst Anne Boniface says fears of tighter international supplies, particularly for whole milk powder, helped dairy prices squeeze higher in the first few Global Dairy Trade auctions of 2018. 

Dairy prices have risen for the third consecutive auction this year.

A “hint of conservativeness” can be detected in Fonterra’s updated forecast on the farmgate milk price last week, says ASB’s senior rural economist Nathan Penny.

The Global Dairy Trade (GDT) auction has broken its run of consecutive price drops.

Dairy prices have fallen for the fourth straight auction.

Fonterra's forecast milk price of $6.75/kgMS is looking shaky, bank economists agree.

Dairy prices have fallen for the third successive Global Dairy Trade auction.

Whole milk powder (WMP) defied predictions and dropped in the GlobalDairyTrade (GDT) auction overnight.

Three bank economists see a risk of downside to farmgate prices from last week’s GDT auction where the overall price index dropped 2.4%.

Global dairy prices have unexpectedly dropped in the latest Global Dairy Trade (GDT) auction.