# Milk Powder Prices Rally: $10/kgMS Milk Price in Sight

> 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.

- Date: 2026-11-10 · published 2026-11-10T00:08:20.070Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/90318-milk-powder-prices-rally-10-kgms-milk-price-in-sight
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: bullish ▲

## Sources

- ruralnewsgroup.co.nz: https://www.ruralnewsgroup.co.nz/dairy-news/dairy-general-news/milk-powder-prices-10-kgms-farmgate-milk-price-gdt

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