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The GDT Price Index fell 4.3 percent to US$3,507 per tonne, its eighth straight fall and lowest since January 2024. Whole milk powder dropped 2.4 percent to US$3,364 per tonne, and butter fell over 12 percent.
NZX analyst Rosalind Crickett cited weak bidding amid oversupply and rebounding Chinese collections.
Weak auction prices and expected continued pressure on powders point to lower global dairy export values, reducing demand signals for dairy-based feed ingredients.
rnz.co.nzTe Reo Irirangi o AotearoaDec 2, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
The GDT index fell 4.3% for an eighth straight decline (butter down over 12%), which signals weak global demand and oversupply and weighs on US dairy futures sentiment; it was published on 2025-12-02, just before the move.
The GDT index hit a near two-year low on weak bidding amid oversupply, reinforcing bearish global price signals.
