GDT 408: Milk Powders lead global dairy market recovery

The latest Global Dairy Trade (GDT) Event 408, held on 21 July 2026, has brought a welcome respite to the global dairy market after three consecutive weak auctions. The GDT Price Index increased by 1.5%, reversing the sharp 4.9% decline recorded in Event 407, while the average winning price improved to USD 3,793/MT. The auction…