The IFCN World Milk Price Indicator, which is the result of combining Oceanian export prices for the five main dairy commodities, rose by a substantial growth this month. This increase is driven largely by an upturn in cheese prices and consistently high prices for butter, influenced by seasonal demand as we approach the holiday season.
Cheese showed stable growth, while WMP saw a moderate increase, with demand primarily coming from South-East Asia. Since December 2022, cheese has not experienced such an outstanding growth rate. SMP remains stable, showing minimal price movement.
47.1 USD
100kg milk +5.3% vs previous month
21.4 USD
cwt
10.4 NZD
kg milk solids
41.8 ct EUR
litre
IFCN upcoming dairy events
Events calendar
21
January
Progressive Dairy x IFCN | Online, 21 January 2026 15:30 CET
The global dairy tech briefing 2026
The only global overview of dairy tech companies & trends!
17
February
IFCN free public webinar | February 17, 2026 15:30 CET
Creating Value in Argentina's Dairy Supply Chain:
Opportunities & Threats Under Milei's Reforms
24-25
March
Dairy Outlook Workshop 2026 | 24th – 25th March 2026, Brussels
A New Era for European Dairy
Live Workshop in Belgium
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