The index tumbled following a notably weaker set of results with all but cheddar prices moving lower on average. The GDT index fell 4.3% on average in line with expectations.

WMP delivered a sharply lower result. NZ Regular CP2 alone fell 6%. China involvement picked up from the prior event by ~4,000t, increasing its share of total purchases to more than half. SE Asia and the Middle East seasonally increased purchases but their shares of total volume sold fell to multi-year lows for this time of the year. EU WMP (Solarec) CP2 fell 3.2% to US$4,580/t (or €3,930/t).​ NZ MH SMP weakened across the board. CP3 and CP4 saw the biggest declines – down 5.8% and 5.7%, respectively. EU prices also stepped lower with trades in the €2,260–2,300/t range. Solarec CP2 product fell 2.7% from the prior event in US$ terms. Overall event tonnage increased seasonally by ~1,500t. China involvement picked up from the prior auction accounting for half the purchased volume. SE Asia involvement notably dipped from the prior auction.​

Outside of later butter and AMF deliveries, NZ butterfat weakened on higher offer volumes. NZ Butter CP1 through CP4 all saw 2-3% declines with largest falls in the front contracts. NZ AMF CP2 saw the largest drop, down 4%. China buyers picked up the most butter. EU butter (Solarec) CP1-CP3 prices sank nearly 6% to €6,420–6,450/t.​

Cheddar was the outlier, with the weighted-average price up 3.5%. CP1 saw the biggest gain, up 5.9% from the last auction. Though overall volumes are small, Africa notably increased its share of total sales with no product sold to the Middle East.​ A total of 700t of EU Mozzarella was sold, mostly Arla product. In US$ terms, Solarec CP2 product declined 6.5%. Lactose was not offered.