# FAO Dairy Price Index drops but milk powders and butters up - Dairy Industries International

> The FAO Dairy Price Index averaged 119.3 points in February, down 1.2% from January and 19.2% below a year earlier. Milk powders and butter rose month on month on stronger import demand and seasonal slowing in New Zealand milk supply, while EU cheese prices kept falling.

- Date: 2026-03-11 · published 2026-03-11T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/20171-fao-dairy-price-index-drops-but-milk-powders-and-butters-up-dairy-industries
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Firmer powder and butter quotations point to tighter export supply, while the continued fall in cheese keeps the overall index weak.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-06-10 | [Rabobank Dairy Quarterly reveals resuming of pre-pandemic levels of demand - Dairy Industries International](https://feedsoft.ai/events/46576-rabobank-dairy-quarterly-reveals-resuming-of-pre-pandemic-levels-of-demand.md) | +1.1% | +0.1% |
| MILK | 2026-09-03 | [USDA Dairy Products Report July 2026: Cheese, Butter, and Dry Milk Trends - News and Statistics - IndexBox](https://feedsoft.ai/events/17489-usda-dairy-products-report-july-2026-cheese-butter-and-dry-milk-trends-news-and.md) | -0.8% | -7.3% |
| MILK | 2025-07-21 | [U.S. Dairy Industry Sees Growth in Production and Global Demand - Dairy Producer](https://feedsoft.ai/events/23753-u-s-dairy-industry-sees-growth-in-production-and-global-demand-dairy-producer.md) | -0.7% | -0.3% |
| MILK | 2018-11-22 | [IFCN report: Higher costs, higher prices and more milk - Dairy Global](https://feedsoft.ai/events/62058-ifcn-report-higher-costs-higher-prices-and-more-milk-dairy-global.md) | -0.1% | -4.5% |
| MILK | 2025-01-06 | [USDA Dairy Production Report: Surprising Trends in Cheese, Butter, and Milk Output for November 2024 \| The Bullvine](https://feedsoft.ai/events/26522-usda-dairy-production-report-surprising-trends-in-cheese-butter-and-milk-output.md) | -1.3% | -0.4% |

## Sources

- dairyindustries.com: https://www.dairyindustries.com/news/50183/fao-dairy-price-index-drops-but-milk-powders-and-butters-up/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.