# All eyes on farmgate milk price as GDT delivers

> The Global Dairy Trade price index rose 3%, its biggest gain since February, led by whole milk powder up 5.9% and cheddar up 8.6%. China bought 59% of the offering, lifting skim milk powder to its highest since June 2022, while butter and anhydrous milk fat fell.

- Date: 2026-11-03 · published 2026-11-03T21:09:11.130Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/78397-all-eyes-on-farmgate-milk-price-as-gdt-delivers
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Stronger powder and cheese prices support New Zealand farmgate forecasts near NZ$10/kg milksolids and encourage processors to hedge. Milkfat remains in surplus across major exporters, which caps butter gains.

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/markets/dairy-markets/all-eyes-on-farmgate-milk-price-as-gdt-delivers/

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