The IFCN World Milk Price Indicator experienced a decline in December, reflecting the reduced market activity typical of the holiday season. The fluctuation in prices for fat-based products was driven by a combination of factors, including positive supply growth in Oceania, and the fact that many holiday purchases were made a couple of months in advance.

While retail demand for butter and cheese remained strong in December, international demand softened due to high prices. Despite a decline during the month, butter prices remained elevated overall. In contrast, Whole Milk Powder exhibited moderate growth, defying the general trend thanks to strong activity in Southeast and North Asia.

In summary, December was a subdued month for dairy markets, with most commodities mirroring the seasonal slowdown, though some demonstrated resilience amid shifting regional dynamics.

47.0 USD

100kg milk -2.5% vs previous month

21.3 USD 

cwt

10.8 NZD

kg milk solids

43.2 ct

litre

IFCN upcoming dairy events

Events calendar

26-27

March

Dairy Outlook Workshop | Hamburg, Germany

European Dairy at Risk

20-23

May

IFCN Dairy Conference | Leeuwarden, Netherlands

Future Dairy Farming Systems
Resilience as a Path to Sustainability

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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