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The Global Dairy Trade auction average price fell 4.1% to US$4,274/MT, the fourth straight event with a decline. Whole milk powder dropped 5.1% to US$3,859/MT as supply outpaced demand.
North Asian buyers more than doubled purchases from the prior event.
Lower global dairy prices reduce the value of dairy product exports and farm milk returns. Strong North Asian buying at lower prices may begin to stabilize demand.
businessdesk.co.nzRiley KennedyJul 1, 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 fourth straight GDT decline, with supply outpacing demand, signals weak global dairy sentiment that weighs on US dairy futures.
The GDT index fell for a fourth straight auction as supply outpaced demand, which weakened global dairy price sentiment and the export outlook for US cheese and whey.
