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The FAO Food Price Index averaged 133.9 points in October, down from 135.6 in September, with its dairy sub-index down 1.1% on lower butter and cheese prices. Cereal and meat indices also declined, while the overall index stayed 5.9% above the year-earlier level.
Brazilian milk prices are under pressure in early November as supply rises and imports grew 7.5% in October.
Falling international butter and cheese prices, together with rising Brazilian milk supply and imports, point to softer dairy ingredient prices for feed and dairy buyers.
paracaturural.comEduardo StatutiNov 15, 2026After 274 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.4% to +0.4%), and -1.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
