The increase is driven by the sthe drop in milk powder prices. Fatty products are still having premium over powders and the prices for butter and cheese still fluctuate around similar level from previous month.
43.8 USD
100kg milk -1.7% vs previous month
38.8 EUR
litre
9.1 NZD
kg milk solids
19.9 USD
cwt
Read more about IFCN World milk Price Indicator
Based on the weighted average of 3 IFCN world milk price indicators:
1. SMP & butter (~32%),
2. Cheese & whey (~51%),
3. WMP (~17%), based on quarterly updated shares of the related commodities traded on the world market