The Global Dairy Trade (GDT) – Event 392, held on November 18, 2025, showed a 3.0% decline in the GDT Price Index compared with the previous event.
This decrease reflects an adjustment in international dairy prices, often driven by shifts in global demand and changes in product availability. The average winning price stood at USD 3,678 per metric ton (MT), marking a drop relative to prior auctions.
A total of 166 bidders participated in the auction, with 135 emerging as winning bidders, indicating a competitive market with many participants unable to secure volume. The event unfolded over 16 bidding rounds, a number that falls within the usual range for these auctions and highlights an active negotiation environment between buyers and sellers.
The trading session lasted 1 hour and 54 minutes, during which prices were adjusted as the rounds progressed. This edition featured a supply range between 35,450 MT and 42,557 MT, reflecting the volume offered by sellers. These figures are essential for understanding price behavior, as greater availability often places downward pressure on market values.
In the end, the total quantity sold reached 38,612 MT, falling within the expected range and showing that, despite the overall decline in the index, the market maintained a solid level of activity. Altogether, the results of GDT Event 392 offer a clear snapshot of the global dairy trade, illustrating the interplay between supply, demand, and pricing in a dynamic international context.
