# FAO Reports Mixed Trends in Dairy and Food Prices in October 2026

> The FAO Food Price Index averaged 133.9 points in October, down 1.2% from September but up 5.9% year on year. The dairy index fell 1.1% to 117.8 as ample supply and weak demand weighed on butter and cheese, while skim milk powder rose on steady import demand and limited availability; whole milk powder prices edged higher on gains in Oceania.

- Date: 2026-11-10 · published 2026-11-11T00:13:35.712Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/92455-fao-reports-mixed-trends-in-dairy-and-food-prices-in-october-2026
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Nonfat Dry Milk](https://feedsoft.ai/c/NFDM.md)

## Why it matters

Ample supplies and weak demand are pressuring butter and cheese prices, while firm import demand and limited availability support skim milk powder. These diverging product trends point to mixed implications for dairy ingredient costs and returns rather than a uniform move across dairy markets.

## Read by commodity

- MILK: neutral
- NFDM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2026-08-14 | [Dairy Product, Milk Price Forecasts Mixed In Latest USDA Projections - Cheese Reporter](https://feedsoft.ai/events/17911-dairy-product-milk-price-forecasts-mixed-in-latest-usda-projections-cheese.md) | +0.2% | -2.7% |
| MILK | 2026-05-15 | [USDA Raises 2026 Milk Production Forecast; Price Forecasts Mixed - Cheese Reporter](https://feedsoft.ai/events/19256-usda-raises-2026-milk-production-forecast-price-forecasts-mixed-cheese-reporter.md) | -0.2% | -5.7% |

## Sources

- insights.tridge.com: https://insights.tridge.com/speaker-product-news-reports/KJLyFXpzJzgKuB1Gqsm5QUKHGgR43AVdqLR4omMsgsaxNmRTFMbfqxzt

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