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
20-23
May
IFCN Dairy Conference | Leeuwarden, Netherlands
Future Dairy Farming Systems
Resilience as a Path to Sustainability
23-25
September
IFCN Supporter Conference | Graz, Austria
Making Sustainability profitable
How to future proof the dairy industry
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