The IFCN World Milk Price continued its steady upward trend, recording a modest but positive increase of +𝟎.𝟖%. The market remains influenced by tight supply and stable demand. Seasonal holidays such as Easter and the end of Ramadan have provided additional support by boosting consumption.

Butter prices reached a new record in March, driven largely by holiday-related demand. 𝐂𝐡𝐞𝐞𝐬𝐞 𝐩𝐫𝐢𝐜𝐞𝐬 were relatively stagnant but showed signs of strengthening toward the end of the month. In contrast, milk powders struggled, facing downward pressure.

Milk production growth remains positive, albeit modest, and uncertainties persist due to ongoing geopolitical tensions and trade disruptions.

While market fundamentals currently point to stability, potential shifts in supply and fluctuations in global demand could significantly influence market dynamics in the months ahead.

100kg milk +2.5% vs previous month

cwt

kg milk solids

litre