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Global dairy prices rose 3% at the November 3 Global Dairy Trade auction, and whole milk powder prices increased 5.9%. Chinese buyers accounted for 59% of the volume, while skim milk powder reached its highest price since June 2022.
Stronger auction prices and substantial Chinese participation signal firm import demand against available export supply, supporting dairy prices. This is a bullish indicator for milk markets.
efeedlink.comeFeedLink NewsdeskNov 7, 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.
