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flag Global dairy prices rose 5.7% in March 2026, driven by strong demand and shrinking supply.

flag Global dairy prices rose 5.7% to $4,301 per tonne at the latest Global Dairy Trade auction, marking the fifth straight increase since January 2026, driven by strong demand and reduced supply as New Zealand nears the end of its milking season. flag Key products saw gains, including skim milk powder up 9.1%, butter 6.1%, mozzarella 7.9%, and cheddar 4.3%, while whole milk powder reached $3,863 per tonne. flag North and South Asia led purchases, with increased participation from Europe, the Middle East, and Africa despite logistical challenges. flag Fonterra raised its 2025/26 farmgate milk price forecast midpoint to $9.50 per kgMS, reflecting improved market conditions.

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