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Fonterra raised the midpoint of its 2026/27 farmgate milk price forecast from NZD 9.50 to NZD 9.75 per kilogram of milk solids and narrowed the range to NZD 9.00-10.50. The update followed higher whole milk powder and skim milk powder prices at recent Global Dairy Trade auctions and stronger demand from Southeast Asia, the Middle East, Africa and China.
Stronger powder demand and higher export prices support global dairy prices. This can lift the value of dairy-based feed ingredients.
ad-hoc-news.deRafael MüllerOct 31, 2026After 41 past bullish trade events, Milk (Class III) moved a median -0.1% over 5 sessions (49% higher; middle half -1.3% to +8.1%), and +1.1% 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.
