# FAO Dairy Price Index Declines in October Amid Divergent Trends in Milk Powder and Butter Prices

> 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.

- Date: 2026-11-06 · published 2026-11-07T00:23:14.051Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/85267-fao-dairy-price-index-declines-in-october-amid-divergent-trends-in-milk-powder
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-03-11 | [FAO Dairy Price Index drops but milk powders and butters up - Dairy Industries International](https://feedsoft.ai/events/20171-fao-dairy-price-index-drops-but-milk-powders-and-butters-up-dairy-industries.md) | -0.3% | +6.1% |
| MILK | 2025-01-06 | [USDA Dairy Production Report: Surprising Trends in Cheese, Butter, and Milk Output for November 2024 \| The Bullvine](https://feedsoft.ai/events/26522-usda-dairy-production-report-surprising-trends-in-cheese-butter-and-milk-output.md) | -1.3% | -0.4% |
| MILK | 2026-09-03 | [USDA Dairy Products Report July 2026: Cheese, Butter, and Dry Milk Trends - News and Statistics - IndexBox](https://feedsoft.ai/events/17489-usda-dairy-products-report-july-2026-cheese-butter-and-dry-milk-trends-news-and.md) | -0.8% | -7.3% |
| MILK | 2018-11-22 | [IFCN report: Higher costs, higher prices and more milk - Dairy Global](https://feedsoft.ai/events/62058-ifcn-report-higher-costs-higher-prices-and-more-milk-dairy-global.md) | -0.1% | -4.5% |
| MILK | 2017-11-01 | [October Class III Milk Up 33 Cents \| Dairy Radio Now](https://feedsoft.ai/events/67981-october-class-iii-milk-up-33-cents-dairy-radio-now.md) | -1.5% | -8.1% |

## Sources

- insights.tridge.com: https://insights.tridge.com/speaker-product-news-reports/KJLyFXpzJzgKuB1Gqsm5QUKHGgR43AVdqLR2DUrbofyPg67r4kjBuvhq

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