# Global dairy prices fall 0.9 per cent at June 1, 2021, auction | Farm Online | ACT

> Global Dairy Trade prices fell 0.9 percent at the Tuesday night auction, with butter milk powder down 7.5 percent and butter down 5.4 percent. Westpac economist Nathan Penny said the result continued a sideways trend and was slightly below expectations. New Zealand's 2020/21 production is expected to rise 2.5 percent, and Canterbury floods have damaged winter feed stocks.

- Date: 2021-06-02 · published 2021-06-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5677-global-dairy-prices-fall-0-9-per-cent-at-june-1-2021-auction-farm-online-act
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A softer GDT result and expected record New Zealand output point to pressure on global powder and butter prices. Flood damage to feed supplies is a risk to the 2021/22 production outlook that could limit that pressure later.

## Read by commodity

- MILK: bearish ▼

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/7280471/global-dairy-prices-slip-slightly/

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