Milk Auctions, specifically the GlobalDairyTrade (GDT) Price Index, track the weighted average price of dairy products sold at bi-monthly auctions. As New Zealand is the world's largest dairy exporter, these auctions are a critical indicator of the country's trade balance and overall economic health. The results provide a benchmark for global dairy prices and directly influence the monetary policy outlook in New Zealand.
The GDT Price Index uses a weighted-average method to reflect the price movements of various dairy products, including whole milk powder, skim milk powder, and butter, across multiple contract periods.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 1, 2026 | 0.90 | — | — |
| Aug 18, 2026 | 2.30 | — | — |
| Aug 4, 2026 | 0.10 | — | — |
| Jul 21, 2026 | 1.50 | — | — |
| Jul 7, 2026 | -4.90 | — | — |
| Jun 16, 2026 | -2.80 | — | — |
| Jun 2, 2026 | -0.60 | — | — |
| May 19, 2026 | 0.60 | — | — |
| May 5, 2026 | 1.50 | — | — |
| Apr 21, 2026 | -2.70 | — | — |
| Apr 7, 2026 | -3.40 | — | — |
| Mar 17, 2026 | 0.10 | — | — |
| Mar 3, 2026 | 5.70 | 3.80 | +1.90 |
| Feb 17, 2026 | 3.60 | — | — |
| Feb 3, 2026 | 6.70 | — | — |
| Jan 20, 2026 | 1.50 | — | — |
| Jan 6, 2026 | 6.30 | — | — |
| Dec 16, 2025 | -4.40 | -2.30 | -2.10 |
| Dec 2, 2025 | -4.30 | -2.70 | -1.60 |
| Nov 18, 2025 | -3.00 | -2.10 | -0.90 |
| Nov 4, 2025 | -2.40 | 1.00 | -3.40 |
| Oct 21, 2025 | -1.40 | -0.70 | -0.70 |
| Oct 7, 2025 | -1.60 | 1.00 | -2.60 |
| Sep 16, 2025 | -0.80 | -4.00 | +3.20 |
| Sep 3, 2025 | -4.30 | 0.20 | -4.50 |
| Aug 19, 2025 | -0.30 | 0.60 | -0.90 |
| Aug 5, 2025 | 0.70 | 0.90 | -0.20 |
| Jul 15, 2025 | 1.10 | — | — |
| Jul 1, 2025 | -4.10 | -1.30 | -2.80 |
| Jun 18, 2025 | -1.00 | — | — |
| Jun 3, 2025 | -1.60 | — | — |
| May 20, 2025 | -0.90 | — | — |
| May 6, 2025 | 4.60 | 1.00 | +3.60 |
| Apr 15, 2025 | 1.60 | — | — |
| Apr 1, 2025 | 1.10 | — | — |
| Mar 18, 2025 | 0.00 | — | — |
| Mar 4, 2025 | -0.50 | — | — |
| Feb 18, 2025 | -0.60 | — | — |
| Feb 4, 2025 | 3.70 | — | — |
| Jan 21, 2025 | 1.40 | — | — |
| Jan 7, 2025 | -1.40 | — | — |
| Dec 17, 2024 | -2.80 | — | — |
| Dec 3, 2024 | 1.20 | — | — |
| Nov 19, 2024 | 1.90 | — | — |
| Nov 5, 2024 | 4.80 | — | — |
| Oct 15, 2024 | -0.30 | — | — |
| Oct 1, 2024 | 1.20 | — | — |
| Sep 17, 2024 | 0.80 | — | — |
| Sep 3, 2024 | -0.40 | — | — |
| Aug 20, 2024 | 5.50 | — | — |
