Raw Milk Price Trend Analysis 2026: Market Insights, Historical Prices, Price Drivers, Latest News & Supply Demand Analysis

In the second half of 2024, raw milk prices showed a mixed trend across global markets. In Asia, countries like India saw relatively stable prices, driven by strong local demand and steady production. However, in regions like Australia, prices came under pressure due to surplus milk supply and increased imports, which created a challenging environment for local farmers.

In Europe, prices remained mostly stable but showed some upward pressure in parts due to lower milk yields caused by poor weather conditions. Still, global market uncertainties and cautious processor strategies kept price movements limited. In North America, raw milk prices were steady as well. Farmers managed to slightly exceed production expectations, but rising feed and labor costs continued to affect their bottom line. Meanwhile, supply shortages and strong consumer demand for cheese and butter helped support the market during key seasonal periods.

Overall, the raw milk market in H2’24 was shaped by a balance of production constraints and firm demand, especially in the lead-up to the year-end holidays. Farmers faced profitability challenges due to higher input costs, while processors remained cautious amid shifting global dynamics.