# Market analysis: What are the drivers of the dairy decline? - Agriland.ie

> INTL FCStone analyst Peter Meehan said EU dairy prices kept falling as COVID-19 cut food service demand and milk supply rose. European spot butter fell 11% below end-January levels, and spot skim milk powder fell 21% since mid-February. Chinese dairy imports were also weak in January and February.

- Date: 2020-04-07 · published 2020-04-07T12:00:00.000Z
- Category: market · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/5747-market-analysis-what-are-the-drivers-of-the-dairy-decline-agriland-ie
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weak EU and Chinese demand combined with rising milk output keeps dairy product prices under downward pressure.

## Read by commodity

- MILK: bearish ▼

## Sources

- agriland.ie: https://www.agriland.ie/farming-news/market-analysis-what-are-the-drivers-of-the-dairy-decline/

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