# Dairy prices shoot up

> The Global Dairy Trade price index rose 6.6% at the August 2 auction, with whole milk powder up 9.9% and rennet casein up 16.3%. About 34,928 tonnes were sold, and the AgriHQ milk price rose 22c to $3.93 per kilogram milksolids. Analysts linked the gains to slowing global milk production.

- Date: 2016-08-03 · published 2016-08-03T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6033-dairy-prices-shoot-up
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A broad auction rally driven by slower global supply points to firmer dairy prices, which can increase the cost of dairy-based feed ingredients.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2016-08-02 | [Milk prices lift as dairy commodity markets rally](https://feedsoft.ai/events/6034-milk-prices-lift-as-dairy-commodity-markets-rally.md) | +12.3% | +10.9% |
| 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 | 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 | 2016-08-02 | [Dairy product prices jump as global milk output eases \| BusinessDesk](https://feedsoft.ai/events/6032-dairy-product-prices-jump-as-global-milk-output-eases-businessdesk.md) | +12.3% | +10.9% |
| MILK | 2020-01-02 | [Higher Milk Prices Are Here — Now What? - EDairy News English](https://feedsoft.ai/events/4662-higher-milk-prices-are-here-now-what-edairy-news-english.md) | -12.0% | -11.7% |

## Sources

- nbr.co.nz: https://www.nbr.co.nz/dairy-prices-shoot-up/

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