# GDT auction plummets as world dairy over-supply continues | AHDB

> The GDT auction fell an average of 4.3 percent, its eighth consecutive decline, with butter down 12.4 percent to US$5,169 per tonne and AMF down 9.8 percent. WMP fell 2.4 percent and SMP 1.6 percent, while cheddar rose 7.2 percent on thin trade. Analysts cite rising global milk supply and product stocks.

- Date: 2025-12-03 · published 2025-12-03T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/4088-gdt-auction-plummets-as-world-dairy-over-supply-continues-ahdb
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Falling global dairy auction prices, led by fats and powders, signal weaker export values and soft demand for dairy ingredients used in animal feed.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2025-12-03 | 5 | -8.1% | -3.2 | The eighth consecutive GDT decline, with butter down 12.4%, signals weak global dairy demand and oversupply, pressuring US dairy sentiment and export parity. |
| MILK | 2025-12-03 | 1 | -7.9% | -22.2 | Coverage of the same GDT auction detailing steep butter, AMF and powder declines reinforces the bearish global price signal on the day of the move, though it largely repeats known information. |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/gdt-auction-plummets-as-world-dairy-over-supply-continues

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