# Global food prices near 3-year high driven by record butter prices

> The FAO Food Price Index rose for a third straight month to a 31-month high, with the FAO Dairy Price Index up 3.6% in July and 52.2% above June 2016. Butter reached a record $6,100 per ton in Europe as tighter export availability pushed prices higher, while cheese exports stayed firm.

- Date: 2017-08-02 · published 2017-08-02T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5484-global-food-prices-near-3-year-high-driven-by-record-butter-prices
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Record butter prices and firm cheese demand lift global dairy values and tighten export supply, though falling whole milk powder prices and expected higher second-half butter output may cap further gains.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2017-08-02 | 1 | +6.5% | 6.4 | FAO data published 2017-08-02 showed dairy prices up 3.6% in July with record European butter prices, supporting bullish global dairy sentiment and tighter export availability. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-10-23 | [Butter sets a new record high - Dairy Star](https://feedsoft.ai/events/33631-butter-sets-a-new-record-high-dairy-star.md) | -0.2% | +1.5% |
| MILK | 2022-04-03 | [FAO Food Price Index rises to record high in February](https://feedsoft.ai/events/41782-fao-food-price-index-rises-to-record-high-in-february.md) | +2.1% | +3.0% |
| MILK | 2019-02-26 | [Higher dairy prices likely by the end of the year](https://feedsoft.ai/events/4487-higher-dairy-prices-likely-by-the-end-of-the-year.md) | +8.5% | +7.9% |
| MILK | 2019-12-06 | [Dairy prices reach highest levels in five years](https://feedsoft.ai/events/55737-dairy-prices-reach-highest-levels-in-five-years.md) | +0.3% | -12.4% |
| MILK | 2022-07-10 | [Record-high Dairy Prices But Milk Collection Marginally Down In EU - EDairy News English](https://feedsoft.ai/events/40494-record-high-dairy-prices-but-milk-collection-marginally-down-in-eu-edairy-news.md) | -1.2% | -12.2% |

## Sources

- dairyreporter.com: https://www.dairyreporter.com/Article/2017/08/03/Global-food-prices-near-3-year-high-driven-by-record-butter-prices/

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