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Global Dairy Trade auction prices rose last week, with whole milk powder up nearly 6% to $3,971 per tonne, a 14-month high, and skim milk powder up 3% to its highest level since June 2022. Fonterra raised the top of its farmgate milk-price range to $10.50/kgMS; meanwhile, butter and anhydrous milk fat prices fell as ample cream and product availability weighed on milk fats.
Strong near-term demand for milk powders, including ahead of Lunar New Year, supports dairy returns and the farmgate milk price. Surplus milk-fat supplies are weighing on butter and AMF prices.
ruralnewsgroup.co.nzNov 10, 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.
