# Global dairy prices lift again as fats continue to soften

> 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.

- Date: 2026-11-03 · published 2026-11-03T21:09:11.614Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/78398-global-dairy-prices-lift-again-as-fats-continue-to-soften
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Sources

- businessdesk.co.nz: https://www.businessdesk.co.nz/primary-sector/global-dairy-prices-lift-again-as-fats-continue-to-soften/K7OWATNMOBER5HVWQW27STRNCI/

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