# Milk powders rise at GDT event 415, while butterfat fall | DCA Market Intelligence

> Global Dairy Trade Event 415, the eleventh auction of the 2026/27 season, recorded an overall price increase of 3.05%. The rise came in well below the 6% to 7% increase implied by Singapore Exchange pricing, while butterfat prices fell.

- Date: 2026-11-05 · published 2026-11-05T12:07:06.177Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/81599-milk-powders-rise-at-gdt-event-415-while-butterfat-fall-dca-market-intelligence
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The smaller-than-expected GDT gain points to softer global dairy import demand than futures suggested, which may limit upside in dairy-based feed ingredients. Butterfat weakness also pressures milk-fat values.

## Sources

- dcamarketintelligence.com: https://www.dcamarketintelligence.com/insight/4717/milk-powders-rise-at-gdt-event-415-while-butterfat-fall

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