Producer prices for raw milk increased significantly in the U.S., New Zealand, and European Union in February 2022 compared to the previous year. The selling price of dairy products like cheddar cheese, skimmed milk powder, bulk butter, and whole milk powder also increased sharply on the world market. In Italy and the Netherlands, the spot market price for raw milk also saw significant increases. The German Center for Food Economics reported a significant increase in the raw material value of raw milk in March 2022 compared to the same month the previous year. However, milk purchases in France and Germany decreased in the same week. Prices for various dairy products also increased significantly in Hungary in March 2022 compared to the same month the previous year.