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Global dairy prices slump 2.4% in sixth straight decline
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Thursday, 06 November, 2025, 13 : 00 PM [IST]
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New Zealand
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The global dairy market is signaling continued caution as the Global Dairy Trade (GDT) Price Index fell by 2.4% at the latest auction (Event 391 on November 4, 2025). This marks the sixth consecutive decline for the index, pulling the average weighted price down to USD $3,768 per metric ton.
The drop was driven by significant declines across key commodity categories, reflecting soft demand and ample global supply, according to market analysts. Cheddar cheese took the sharpest hit, plunging 6.6% in price. Similarly, Butter prices tumbled by 4.3%, and Anhydrous Milk Fat (AMF) dropped 1.9%.
The benchmark product, Whole Milk Powder (WMP), which significantly influences farmer payouts worldwide, saw a decline of 2.7%, settling at USD $3,503 per tonne. This continuous erosion in WMP prices reinforces a bearish outlook among dairy producers.
In a rare spot of stability, Skim Milk Powder (SMP) remained largely flat at 0.0% change, while Butter Milk Powder saw a slight increase of 1.0%.
Market experts attribute the sustained downturn to an abundance of milk from major producing regions, including New Zealand, Europe, and the US. Buyers, having secured sufficient stock for upcoming holiday periods like Christmas and Chinese New Year, are reportedly purchasing on a "hand-to-mouth basis," leading to reduced participation and lower clearing prices. A total of 39,508 metric tons of product were sold in the event.
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