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At the latest Global Dairy Trade auction, whole milk powder rose nearly 6% to US$3,971 per tonne, its highest level in about 14 months, while skim milk powder gained 3% to US$4,109 per tonne. Following the market gains, Fonterra raised the upper end of its current-season farmgate milk price forecast to NZ$10.50/kgMS, with a midpoint of NZ$9.75/kgMS.
Higher milk-powder prices lift dairy export revenues and can support stronger payments to New Zealand milk suppliers. Continued gains in demand and prices would reinforce upward pressure on farmgate milk values.
dairydimension.comRahul RajNov 10, 2026Not enough comparable past events yet for a historical read.
Not 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.
