Growing demand has led to rising dairy commodity prices this month, New Zealand dairy giant Fonterra said today (4 March).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The March trading event for Fonterra’s internet-based sales platform, globalDairyTrade, saw prices rise 16.6% from last month, the company said.


The trading manager, CRA International, advised Fonterra that the average price achieved across all products and contract periods for whole milk powder was US$2,158 per tonne FAS. Prices ranged from US$2,100 per tonne FAS to US$2,280 per tonne FAS.


“The globalDairyTrade result reflects what customers believe is a fair price in today’s uncertain market,” said Kelvin Wickham, Fonterra’s managing director of global trade.


“This latest result is another indicator of what are seeing in the market. We expect prices to move around in this transition period as supply and demand rebalances.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now