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The Global Dairy Trade price index fell 0.6 percent, and whole milk powder dropped 2.2 percent to US$3706 per tonne. North Asian buying share fell from 39 to 22 percent, while Southeast Asia and Oceania took up the slack, and milk fat prices rose.
Lower North Asian demand weakens whole milk powder prices, which set New Zealand farm payouts. Shifts in buyer mix can keep global dairy prices under pressure.
rnz.co.nzTe Reo Irirangi o AotearoaJun 2, 2026After 49 past bearish trade events, MILK moved a median -0.3% over 5 sessions (39% higher; middle half -4.7% to +1.5%), and -0.4% over 20.
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 June 2 GDT auction fell, with whole milk powder down 2.2% and weaker North Asian buying, a negative global demand signal on the same date as the move.
The June 2 GDT index fell 0.6% with whole milk powder down 2.2% and North Asian buying share down sharply, signaling weaker global demand that weighed on dairy sentiment.
