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At the 20 October Global Dairy Trade auction, whole milk powder rose 4.4% and skim milk powder rose 3.4%, while Cheddar fell 7.4% and anhydrous milk fat rose 3.4%. Algeria's state buyer ONIL purchased about 25,000 tonnes of whole milk powder, and New Zealand's peak milk season has passed.
Product-level divergence means milk is being routed toward powders rather than cheese, which shifts global dairy availability. Buyers should expect uneven price moves across dairy ingredients rather than a broad rally.
uadairy.orgNov 3, 2026Not enough comparable past events yet for a historical read.
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.
