GDT 407: Global dairy market enters correction mode
GDT 407: Global dairy market enters correction mode The latest Global Dairy Trade (GDT) Event 407, held on 7 July 2026, has delivered the sharpest correction witnessed in the global dairy market this year. The GDT Price Index declined by 4.9%, while the average winning price fell to USD 3,793/MT, reflecting broad-based weakness across major…
Global dairy market fundamentals are likely to remain under stress
In its New Zealand Dairy Seasonal Outlook 2023/24 report, titled The Pressure Is On, report author and senior agricultural analyst Emma Higgins says this forecast is due to farmgate prices catching up to global commodity market trends. She adds that prices are moving lower in 2023 in part due to global milk supply returning to growth in…