FX.co ★ Global Dairy Prices Extend Gains

In the two weeks concluding on January 20, 2026, the Global Dairy Trade (GDT) Price Index experienced a 1.5% rise, reaching an average of $3,615 per tonne. This follows a significant 6.3% increase in the previous period, marking the second consecutive uptick. The gains were largely attributed to rising prices for several products, including anhydrous milk fat, up by 3.0%, skim milk powder, which saw a 2.2% increase, butter, up by 2.1%, and whole milk powder, which rose by 1.0%. Conversely, there were declines in the prices of Mozzarella, which fell by 2.3%, lactose, down by 1.8%, and cheddar, which decreased by 1.4%.