In the latest Global Dairy Trade (GDT) event #378, the Price Index rose by 1.6% compared to the previous auction, marking another upward trend that signals renewed optimism in the global dairy market.
The average winning price reached USD 4,385 per metric ton, reflecting an overall increase in product valuation.
The event lasted 2 hours and 33 minutes, during which 18 bidding rounds were held. A total of 181 bidders participated, with 115 securing winning bids. The total quantity sold reached 16,718 metric tons, close to the minimum supply offered (16,066 tons), suggesting a tight match between supply and demand.
The strong competition among buyers suggests a recovering global demand, particularly from Asia and the Middle East. The high bidder engagement shows continued interest in securing dairy supply amid ongoing trade and geopolitical uncertainty.
Following a previous auction that also showed price gains, this event reinforces expectations of a near-term market stabilization. However, analysts remain cautious as seasonal production increases from Oceania may exert downward pressure in the coming weeks.
