Loading…
The New Zealand Global Dairy Trade auction rose 3%, with whole milk powder up 5.9%, skimmed milk powder up 3.1%, and Cheddar up 8.6%; butter fell 4.7%. Dutch market quotes also increased for whole and skimmed milk powders and butter, while whey was unchanged.
Higher auction prices for milk powders and Cheddar point to firmer demand or tighter availability in those dairy markets, supporting their price outlook. The decline in GDT butter prices signals weaker near-term support for butter.
ufuni.orgKate McIldowneyNov 6, 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.
