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

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