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The Global Dairy Trade price index rose 3% to an average of US$4,166 per tonne at Wednesday's auction, even as butter continued its downward trend. The increase follows Fonterra's decision the previous week to raise its milk price forecast, with sales well contracted despite record milk collections.
Higher powder prices and a firmer Fonterra forecast signal stronger global dairy demand, though falling butter and fat prices limit the overall gain. The rise supports export returns for New Zealand and other powder exporters.
businessdesk.co.nzRiley KennedyNov 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.
