# World dry skim milk prices up 45.8% year on year

> The FAO dairy price index averaged 117.8 points in October, down 1.1% from September and 16.9% below October 2025. Skim milk powder quotations were 45.8% higher than a year earlier, while butter and cheese prices fell 31.1% and 29.3% year on year.

- Date: 2026-11-12 · published 2026-11-13T12:10:10.124Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/97671-world-dry-skim-milk-prices-up-45-8-year-on-year
- Commodities: [Nonfat Dry Milk](https://feedsoft.ai/c/NFDM.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tight US skim milk powder supply and strong demand from major exporters are lifting SMP prices, while ample EU butter stocks and US competition keep dairy fats and cheese weak. Feed buyers using milk powders face higher costs even as the broader dairy index eases.

## Read by commodity

- MILK: neutral
- NFDM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-12-08 | [Milk Price Predictions End on a Low Note for 2023, Dramatically Lower than Last Year - Dairy Herd](https://feedsoft.ai/events/32710-milk-price-predictions-end-on-a-low-note-for-2023-dramatically-lower-than-last.md) | -0.4% | -6.9% |
| MILK | 2022-04-27 | [Frozen dairy product production up on the year - Brownfield Ag News](https://feedsoft.ai/events/41842-frozen-dairy-product-production-up-on-the-year-brownfield-ag-news.md) | +0.3% | +3.2% |
| MILK | 2019-07-01 | [Mailbox milk prices: What do they tell us? - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/4203-mailbox-milk-prices-what-do-they-tell-us-progressive-dairy-ag-proud.md) | +6.5% | +7.4% |
| MILK | 2026-05-23 | [USDA raises milk production estimate - Dairy Star](https://feedsoft.ai/events/19257-usda-raises-milk-production-estimate-dairy-star.md) | -0.1% | -5.4% |
| MILK | 2017-12-29 | [USDA says all-milk price up in November - Brownfield Ag News](https://feedsoft.ai/events/67625-usda-says-all-milk-price-up-in-november-brownfield-ag-news.md) | -9.6% | -9.8% |

## Sources

- pressa.net.ua: https://pressa.net.ua/svitovi-cini-na-syhe-znejirene-moloko-za-rik-pidskochili-na-45-8-ekonomika/

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