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Global Dairy Trade prices rose 5.7 percent at the latest auction to an average of US$4301 a tonne, the fifth consecutive increase this year. Whole milk powder rose 4.5 percent and skim milk powder rose 9.1 percent.
Offer volumes fell as New Zealand moved into seasonal decline, and buyers in North and South Asia led demand.
Tighter export powder supply and firm Asian buying support dairy ingredient prices and farmer milk payouts. Forward offer volumes through May point to further easing in supply, which could sustain the rally.
rnz.co.nzTe Reo Irirangi o AotearoaMar 3, 2026Not 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.
A 5.7% GDT gain on 3 March, the fifth straight rise, with stronger SMP and WMP and lower Oceania offers, signals tightening global dairy supply and demand-led strength that likely spilled into US Class III futures.
A 5.7% GDT index jump on 3 March, the fifth straight gain and led by Asian buyers, signals strong global demand and likely lifted US dairy futures, including Class III, the next day.
