# Analysis: Dairy markets continue to trend higher despite strong production - Agriland.ie

> European butter quotations rose nearly 5% over two weeks, with butter up 6.5% over four weeks of gains. EU butter exports in March reached a record for the month, up 83% year on year, and European SMP trended higher.

- Date: 2020-05-21 · published 2020-05-21T12:00:00.000Z
- Category: trade · region EU · magnitude medium
- Page: https://feedsoft.ai/events/53136-analysis-dairy-markets-continue-to-trend-higher-despite-strong-production
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Strong European butter exports and rising quotations point to firmer dairy demand, supporting milk prices and dairy feed ingredient values.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2016-08-02 | [Strong increase in dairy prices at latest Global Dairy Trade auction - Agriland.ie](https://feedsoft.ai/events/6036-strong-increase-in-dairy-prices-at-latest-global-dairy-trade-auction-agriland-ie.md) | +12.3% | +10.9% |
| MILK | 2016-08-04 | [NZ dairy market seeing results of tightening overseas production](https://feedsoft.ai/events/6037-nz-dairy-market-seeing-results-of-tightening-overseas-production.md) | +11.4% | +11.0% |
| MILK | 2019-11-05 | [Chinese dairy consumption is driving world milk prices higher](https://feedsoft.ai/events/10246-chinese-dairy-consumption-is-driving-world-milk-prices-higher.md) | -0.1% | -4.2% |
| MILK | 2025-01-01 | [US dairy exports are approaching record levels due to consumer demand for dairy products in Mexico](https://feedsoft.ai/events/6085-us-dairy-exports-are-approaching-record-levels-due-to-consumer-demand-for-dairy.md) | +8.9% | +8.8% |
| MILK | 2017-06-02 | [U.S. Trade Rep Meets with Japan and Dairy Spikes due to Foreign Markets - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/4349-u-s-trade-rep-meets-with-japan-and-dairy-spikes-due-to-foreign-markets-ag.md) | -2.3% | -5.8% |

## Sources

- agriland.co.uk: https://www.agriland.co.uk/farming-news/analysis-dairy-markets-continue-to-trend-higher-despite-strong-production/

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