# Jump in global dairy prices, EU 2022 prices to rise

> Global Dairy Trade prices rose 4.6% at the 18 January auction, with whole milk powder up 5.6%, and global dairy prices reached their highest level since March 2014. Westpac said dry weather in New Zealand and sluggish production in the EU and US were tightening supply.

- Date: 2022-02-02 · published 2022-02-02T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/42729-jump-in-global-dairy-prices-eu-2022-prices-to-rise
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Global dairy prices at multi-year highs, driven by tight milk supply in major exporting regions, lift the cost of dairy-based feed ingredients. Buyers should expect firm pricing to persist in the near term.

## Read by commodity

- MILK: bullish ▲

## Sources

- dairyglobal.net: https://www.dairyglobal.net/industry-and-markets/market-trends/jump-in-global-dairy-prices-eu-2022-prices-to-rise/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.