# Strong increase in dairy prices at latest Global Dairy Trade auction - Agriland.ie

> Dairy product prices rose 6.6% at the August 2 Global Dairy Trade auction, averaging US$2,436 per tonne on 34,928 tonnes sold. Whole milk powder rose 9.9% and rennet casein 16.3%, while cheddar fell 0.8%. EU milk production continued to slow, with January to May output up 4.5% year on year.

- Date: 2016-08-02 · published 2016-08-02T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6036-strong-increase-in-dairy-prices-at-latest-global-dairy-trade-auction-agriland-ie
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Slowing EU and global milk output combined with a strong auction lifts dairy prices, supporting higher costs for dairy-based feed ingredients.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-05-21 | [Analysis: Dairy markets continue to trend higher despite strong production - Agriland.ie](https://feedsoft.ai/events/53136-analysis-dairy-markets-continue-to-trend-higher-despite-strong-production.md) | -0.8% | +70.2% |
| 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 | 2021-07-23 | [Weekly dairy digest: USDA releases its annual dairy market and trade report
						 \| The Cattle Site](https://feedsoft.ai/events/46067-weekly-dairy-digest-usda-releases-its-annual-dairy-market-and-trade-report-the.md) | -0.5% | -3.3% |
| MILK | 2016-08-03 | [Dairy prices shoot up](https://feedsoft.ai/events/6033-dairy-prices-shoot-up.md) | +11.8% | +10.8% |
| 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.ie: https://www.agriland.ie/farming-news/strong-increase-in-dairy-prices-at-latest-global-dairy-trade/

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