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The FAO Dairy Price Index averaged 117.8 points in October, down 1.1% from September and 16.9% year on year. Skimmed milk powder prices rose 45.8% year on year amid strong demand and limited near-term availability, while butter and cheese prices fell 31.1% and 29.3% as ample stocks and weak demand in the EU weighed on prices.
Ukrainian milk powder also shipped to Algeria for the first time.
Tight availability and strong demand support skim milk powder prices, while excess stocks and sluggish demand pressure butter and cheese prices. The new Ukraine-to-Algeria shipment signals a shift in trade flows but is not enough by itself to imply a large market impact.
insights.tridge.comNov 6, 2026After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% over 20.
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.
