Dairy milk sales in the US are recovering after years of decline, driven in part by lower milk prices that drew cost-conscious consumers back from plant-based alternatives. Growing consumer focus on protein content and ingredient transparency is further supporting demand for dairy over plant-based options.
USDA's monthly supply and demand report lowered the annual all-milk price forecast while raising the Class III cheese-milk forecast, reflecting a split dairy complex. Weaker demand for fluid and export skim products offset gains in cheese and butter markets, sending the broader producer milk-price outlook lower for the year.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Raw Milk | European Union | EXW | USD 479.50/MT | August 2026 |
| Raw Milk | India | EXW | USD 662.47/MT | August 2026 |
| Raw Milk | China | CIF | USD 753.26/MT | August 2026 |
| Raw Milk | Australia | CIF | USD 574.20/MT | August 2026 |
| Raw Milk | Germany | CIF | USD 479.50/MT | August 2026 |
| Raw Milk | European Union | EXW | USD 479.60/MT | July 2026 |
| Raw Milk | India | EXW | USD 662.47/MT | July 2026 |
| Raw Milk | China | CIF | USD 452.64/MT | July 2026 |
| Raw Milk | Australia | CIF | USD 549.96/MT | July 2026 |
| Raw Milk | Germany | CIF | USD 479.60/MT | July 2026 |
Stay updated with the latest Raw Milk prices, historical data, and tailored regional analysis
In the European Union, the average price of Raw Milk held steady at approximately USD 479.60/MT (EXW) the first two months of the Q3’26. In Australia, average prices rose about 4.4%, from ~USD 549.96/MT (CIF) to ~USD 574.20/MT. European prices stayed stable through mid-quarter, but farm-gate prices in Northwestern Europe then began rising month after month, and leading cooperatives raised their base prices for autumn. In Oceania, stronger global dairy auction results, especially for milk powders, led New Zealand's largest dairy cooperative to raise its milk price forecast in September, which supported Australian values. In the US, plentiful supply kept pressure on prices, with milk production forecast at 237.2 billion pounds this year (according to USDA), while rising feed costs squeezed farm margins. In China, a dairy herd 4.3% smaller than a year earlier helped prices stabilise, although weak consumer spending limited gains.
Analyst Insight
According to Procurement Resource, in the near term, raw milk prices are likely to firm gradually as global dairy demand improves, though strong output in some regions may slow the recovery.
Need Latest Raw Milk Prices?
Get real-time price assessments, periodic trends, forecasts and price driver insights across key global markets.
Our Clients
Turn price intelligence into action with the Procurement Resource Database. Log in or subscribe to unlock live price trends, historical charts, supplier databases, cost curves, and analyst-backed insights across chemicals, agriculture, energy, packaging, and more. Use these tools to benchmark your contracts, plan budgets with confidence, and stay ahead of market moves on every product you buy.
0
+Products
0
+Regions
0
+Subscriptions
In the European Union, Raw Milk was assessed at around USD 426.00/MT in June, the closing month of the second quarter of 2026. European raw milk conditions weakened through H1 as adequate milk availability and subdued processor purchasing reduced producer bargaining power. The EU weighted-average producer milk price fell by about 6% between January and May, reflecting sustained supply pressure. Within China, the Raw Milk market was recorded at roughly USD 519.00/MT in June, the final month of Q2 2026. In the region, conditions were much steadier as improving feed economics reduced pressure on dairy farms and the year-on-year decline in raw milk narrowed considerably through June. Across India, prices of Raw Milk stood at approximately USD 653.00/MT during June 2026. India remained firmer due to steady dairy consumption, procurement requirements from processors and higher production and collection costs. Demand from fluid milk, cheese, butter and other dairy products provided a stable consumption base across Asia.
Analyst Insight
According to Procurement Resource, raw milk prices are expected to remain mixed, with European supply keeping prices under pressure while stable Asian dairy demand provides support.
Raw milk basically refers to unpasteurised milk, that is, the milk which has not been through the process of pasteurisation or homogenisation. It is a method of heating liquid foods in order to decontaminate them and kill microorganisms for safe drinking. The components of raw milk are safe for its consumption and other uses.
Cheese, Butter , Yoghurt, Ice Creams, Sweets, Custard, Cosmetics
Nestle SA, China Mengniu Dairy Company Limited , Lactalis Group, Dairy Farmers of America, DMK Deutsches Milchkontor GmbH
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Raw Milk, as secreted by mammals like cows, buffaloes and goats is free of micro-organisms. Raw milk is further processed and refined for commercial use. The milking enterprise complements other agricultural enterprises within a farming system.
Our Price Analysis Methodology
Manager - Market Research
Delivering market research and procurement intelligence at Procurement Resource with a focus on economic forecasting, commodity analysis, and client advisory to help sourcing teams make data-backed purchasing decisions.
Experience how Procurement Resource transforms raw material price data into clear, decision ready intelligence. Optimise your performance with reliable, expert market data and analysis. Schedule your demo today to experience a live walk-through where our experts will showcase interactive price charts, forecasted prices, and insights driving the prices for your key commodities, tailored to your workflows. Contact us now!
Our Team will be happy to assist you
We are just a text away
Still Need Help?
This report provides the cost structure of aluminium can by two-piece or three-piece drawing methods.
This report provides an extensive cost evaluation of Milk Chocolate production via conching and tempering processes.
Unlock full access to Procurement Resource's price databases, interactive charts, and short-term forecasts for thousands of commodities. Elevate your sourcing decisions by comparing prices across regions, downloading historical data, and layering in analyst-backed insights, all with our flexible plans that scale as your portfolio grows.
Still have any Questions
Contact Us
Price Trend Dashboard - What's Included
Price trends across a diverse portfolio of categories and products, spanning board to niche chemicals
Coverage extendable to grade-specific chemicals based on procurement requirements
Regular price tracking supported by robust historical datasets
News, policy updates, and key market drivers impacting price movements
Short-term and long-term price outlooks and forecasts
Supply–demand dynamics and capacity-driven market analysis
Track prices, market movements, supply-demand dynamics, and industry developments across hundreds of commodities through a centralized intelligence platform built for informed procurement decisions.
Understand market fluctuations using analyst-backed forecasts, historical pricing patterns, and evolving industry trends to strengthen sourcing strategies and budget planning.
Leverage cost models, pricing benchmarks, and procurement insights to evaluate purchasing opportunities, improve negotiations, and enhance operational efficiency.
Access region-specific price trends, trade activities, capacity changes, and supply chain developments influencing commodity markets worldwide.
.webp&w=1080&q=75)