August 2026 – The latest Global Dairy Trade (GDT) Event 409 concluded with an average winning price of US$3,778 per metric ton (MT), reflecting stable international dairy market conditions and continued balance between global supply and demand.
The benchmark price remains closely monitored by dairy exporters, processors, and importers worldwide, as GDT auction outcomes often influence export contracts for key dairy commodities, including milk powder, butter, cheese, and other dairy ingredients.
Stable Pricing Reflects Balanced Market
The average winning price of US$3,778/MT remained within the range observed in recent Global Dairy Trade auctions, indicating relatively steady market fundamentals.
Demand from major importing regions, particularly Asia and North Africa, continues to support international dairy commodity prices while available supply remains sufficient to meet market requirements.
The auction results suggest that the global dairy market is maintaining equilibrium despite ongoing shifts in production and international trade flows.
Nearly Entire Volume Successfully Sold
Event 409 recorded total sales of 40,504 metric tons, comfortably within the scheduled offering range of 37,045 MT to 44,702 MT.
The outcome indicates that nearly all product volumes offered during the auction were successfully placed with buyers, reinforcing confidence in international demand.
For exporters and processors, strong clearance rates provide an important indicator of market liquidity and purchasing activity.
Strong Global Buyer Participation
Buyer participation remained healthy throughout the auction.
According to the auction data:
- 170 buyers registered to participate.
- 132 buyers successfully secured at least one product lot.
- The auction concluded after 16 bidding rounds.
- Total auction duration was 2 hours and 36 minutes, broadly consistent with historical GDT auction averages.
The orderly bidding process reflected stable buyer engagement without significant volatility or abrupt price movements.
Key Benchmark for Global Dairy Trade
Global Dairy Trade auctions continue to serve as one of the dairy industry’s most important pricing benchmarks, influencing contract negotiations and market expectations across international dairy supply chains.
The latest results indicate continued confidence among global buyers while reinforcing the market’s current balance between production availability and international demand.
As exporters prepare for upcoming trading cycles, future GDT events will remain closely watched for indications of changing demand patterns, milk production trends, and broader commodity price movements.
