# NZ dairy market seeing results of tightening overseas production

> Dairy prices rose 6.6% at the August 3 Global Dairy Trade auction, with whole milk powder up almost 10%. Analysts said the rally reflects the market responding to tightening global milk production. The rally followed a run of flat auctions.

- Date: 2016-08-04 · published 2016-08-04T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6037-nz-dairy-market-seeing-results-of-tightening-overseas-production
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Market recognition of tightening global milk supply supports higher dairy prices, which can raise the cost of 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 | 2016-08-04 | [Dairy auction bounce may signal start of recovery](https://feedsoft.ai/events/6035-dairy-auction-bounce-may-signal-start-of-recovery.md) | +11.4% | +11.0% |
| MILK | 2021-03-26 | [Odd Conditions Reign Over Export, Dairy, Grain Markets - EDairy News English](https://feedsoft.ai/events/48123-odd-conditions-reign-over-export-dairy-grain-markets-edairy-news-english.md) | +8.1% | +9.0% |
| MILK | 2020-08-05 | [Restrained Milk Production Bodes Well For Prices, Exports - EDairy News English](https://feedsoft.ai/events/8834-restrained-milk-production-bodes-well-for-prices-exports-edairy-news-english.md) | -21.0% | -19.2% |
| 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% |

## Sources

- nbr.co.nz: https://www.nbr.co.nz/nz-dairy-market-seeing-results-of-tightening-overseas-production/

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