FX.co ★ Global Dairy Trade Index Posts Fifth Straight Gain

The Global Dairy Trade Price Index rose 5.7% to an average of $4,301 per tonne in the two weeks ending March 3, 2026, building on a 3.6% increase in the previous auction period. This marked the fifth consecutive gain, underpinned by broad-based strength across major dairy products. Skim milk powder led the rally with a 9.1% increase, followed by mozzarella (7.9%), butter (6.1%), anhydrous milk fat (5.7%), whole milk powder (4.5%), and cheddar (4.3%). Offsetting some of these gains, lactose prices declined 3.9%, while buttermilk edged down 0.2%.