# Drought has disguised global dairy demand drop - Farmers Weekly

> Lower global milk output is expected to push European farmgate prices to a peak in November 2018, according to dairy analysts at the EU Dairy Outlook conference. Traders warned that a worldwide dairy demand slowdown may be masked by higher prices, with GDP and population growth expected to weaken in most large importers.

- Date: 2018-09-11 · published 2018-09-11T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/63030-drought-has-disguised-global-dairy-demand-drop-farmers-weekly
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tight near-term supply supports milk prices, but a possible demand slump could reverse gains in early 2019 when seasonal production rises.

## Read by commodity

- MILK: bullish ▲

## Sources

- fwi.co.uk: https://www.fwi.co.uk/business/markets-and-trends/milk-prices/drought-has-disguised-global-dairy-demand-drop

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