GDT 395: Global Dairy Prices Rebound After Nine Drops
The 395th Global Dairy Trade (GDT) auction — the first of 2026 — delivered a strong rebound in global dairy prices, with the GDT Price Index climbing 6.3 % to 1,072 from 1,008 at the final auction of last year after nine consecutive declines dating back to mid-2025. This sharp uptick signals renewed optimism among…
Tamil Nadu Milk Producers Urge Local Milk & Butter Procurement
The Tamil Nadu Milk Producers’ Welfare Association (TNMPWA) has asked the state government to stop procuring milk and butter from outside the state and prioritise purchases from local Tamil Nadu farmers to strengthen rural incomes and support the state’s dairy ecosystem. The association’s demand comes amid concerns that current procurement prices paid to farmers by…
GDT Sees Broad Decline in Dairy Prices; Butter, SMP Slide
The latest Global Dairy Trade auction (Event 389) produced a broadly weaker outcome, with the GDT Price Index falling 1.6 % from the previous event. While Cheddar and anhydrous milk fat (AMF) recorded modest gains, key commodities such as butter, whole milk powder, and skim milk powder (SMP) posted declines. Key Trends: Butter & SMP…
GDT slip as volumes rise; butter rout narrows EU→US arbitrage
Global Dairy Trade’s Event 388 (16 Sept 2025) closed with the GDT Price Index down 0.8% versus the previous sale, a weighted average winning price near US$4,041/tonne, and 39,093 tonnes transacted — most of it milk-powder volume. Whole milk powder (WMP) and skim milk powder (SMP) were among the weaker categories, while cheddar showed mixed…
Butter, milkfat dip as powders drag GDT index lower
The latest Global Dairy Trade (GDT) trading event delivered a noticeably softer price tone: the overall GDT Price Index fell 4.3% from the previous auction, with the weighted average price at US$4,043 per tonne and total volume sold around 41,465 tonnes — largely whole milk powder (WMP) and skim milk powder (SMP). The result shows…
Milk Surplus, Butter Slump: Boom or Brewing Trouble?
Last week we returned from our summer break and found the market immediately in full swing. Our activity focused on butter, with cheese prices showing wide gaps and powder prices moving in boring ranges. Although activity was high, out-of-office replies also remained high. Many producers—who had to admit the price trend was down last week—expect…
GDT Price Index Edges Up 0.7% at Latest Auction
The latest GDT auction delivered a modest uptick in global dairy ingredient prices, with the overall GDT Price Index rising 0.7% compared to the prior event. Underpinning this movement was a weighted average price of USD 4,249 per tonne, indicating stable but firm global demand for dairy commodities . Whole Milk Powder (WMP) prices accounted for…
GDT Index Falls; Butter and Cheddar remains strong
In the 17 June Global Dairy Trade (GDT) auction, the overall GDT Price Index fell 1.0%, settling at USD 4,389/tonne . Anhydrous Milkfat: Lost ground with a 1.3% price index decline, averaging USD 7,276/MT (€6,290). Butter: Strength continued, with a 1.4% index rise to USD 7,890/MT (€6,821). Cheddar Cheese: Notable increase of 5.1%, averaging USD 4,992/MT…
India Poised to Challenge U.S. in Global Butter Export Markets
In a development that could reshape global dairy trade dynamics, India is emerging as a serious contender to the U.S. in the international butter market, according to a recent analysis by U.S.-based dairy experts. While the U.S. has traditionally maintained a stable share in global butter exports, India’s rising milk production, expanding processing infrastructure, and…
How GRB churned itself into a ghee giant
After milk, ghee is the second most consumed dairy product in India and a crowded category. But it’s a category where regional players have held their own against national heavyweights like Amul, Aashirvaad (ITC), Britannia, and Gowardhan, and churned up growth. Take Bengaluru-based GRB Dairy Foods Private Ltd, which from humble beginnings has scaled up…