# What do recent upwards market movements mean for dairy farmers?   | AHDB

> UK wholesale dairy prices have risen since January after falling sharply from October, with SMP and cheddar leading gains. Buyers are restocking to cover short positions, and European product has become more competitive against Southern Hemisphere supply. Iran was also flagged as a significant SMP importer whose conflict is adding to demand.

- Date: 2026-03-04 · published 2026-03-04T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/4601-what-do-recent-upwards-market-movements-mean-for-dairy-farmers-ahdb
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Restocking buying, export competitiveness from Europe and lost Iranian SMP demand are firming powder prices. Milk supply remains well above average, so the recovery may stay limited.

## Read by commodity

- MILK: bullish ▲

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/what-do-recent-upwards-market-movements-mean-for-dairy-farmers

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