02.06.202616:00:00UTC+00Global Dairy Prices Slip as New Zealand’s GDT Index Turns Negative

The GlobalDairyTrade (GDT) Price Index in New Zealand has shifted into negative territory, with the latest reading falling to -0.6% from a previous increase of 0.6%. The updated figure, released on 02 June 2026, marks a reversal in momentum for the benchmark auction-based measure of international dairy prices.

The move from modest growth to a slight decline suggests softening demand or increased supply pressures in global dairy markets. While the drop is not steep, the change in direction may be closely watched by dairy exporters and investors, given New Zealand’s central role in the international dairy trade.

Market participants will now be looking to upcoming GDT auctions and related data to assess whether this negative reading is the start of a broader cooling trend or simply a brief pause following earlier gains.