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Dairy Prices Drop 4.3% Amid Supply Surge; Gold Soars

9/3/2025

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Summary

Story summary

Global dairy auction prices decreased by 4.3% to US$4,043 per tonne; whole milk powder fell by 5.3%. Cheddar cheese rose by 3.6%. Increased supply from New Zealand and others drove the decline.
In currency markets, the GBP fell over 1%, while the USD strengthened. The NZD dropped to 0.5860. Gold prices hit a record high of USD 3,530 per ounce.

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Story summary

Global dairy auction prices decreased by 4.3% to US$4,043 per tonne; whole milk powder fell by 5.3%. Cheddar cheese rose by 3.6%. Increased supply from New Zealand and others drove the decline.
In currency markets, the GBP fell over 1%, while the USD strengthened. The NZD dropped to 0.5860. Gold prices hit a record high of USD 3,530 per ounce.