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Global Dairy Trade skimmed milk powder prices exceeded $4,100 per tonne on November 3, their highest level since June 2022 and up 31% since July. Renewed Chinese buying ahead of Lunar New Year helped lift bids, while demand for milk powders was reported to be firm in Europe and globally.
Stronger import demand, especially from China, tightens the market for skimmed milk powder and supports dairy-product values. Higher powder returns can provide upward support to milk prices.
reussir.frVirginie PinsonNov 7, 2026After 41 past bullish trade events, Milk (Class III) moved a median -0.1% over 5 sessions (49% higher; middle half -1.3% to +8.1%), and +1.1% 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.
