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The 2.7% drop marks the second consecutive drop in the GDT price index this year.
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The increase in the Global Dairy Trade index by 6.7% caught most commentators off guard in a welcome sign of some market recovery.
The Global Dairy Trade (GDT) index has increased for a third consecutive auction.
Aidan Brennan reports on the latest movements in the dairy trade, with butter prices down in Europe, but up at the Global Dairy Trade.
The GDT index was up 6.3% at the last auction held two weeks ago, following months of decreases.
The increase in the GDT has come as a surprise, given increased milk supplies in New Zealand, the US and Europe.
This is the first time that prices have increased at the GDT since August 2025.
The index, based off the GDT fortnightly auction, has not risen since early August this year.
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