# Modest Output Growth but Moderating Prices - Irish Farmers' Association

> Global milk output growth moderated into July, reflecting drought and heatwaves in Europe, slightly weaker US growth, and lower Australian production. New Zealand output rose 4.5%, and the latest GDT auction fell an average of 1.3%.

- Date: 2018-09-17 · published 2018-09-17T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/63035-modest-output-growth-but-moderating-prices-irish-farmers-association
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weather-driven European and Australian supply shortfalls support firmer dairy prices, while Oceanian price easing signals softer global export values.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-01-10 | [California dairy production recovering as prices rise in 2016 \| Economic Research Service](https://feedsoft.ai/events/73010-california-dairy-production-recovering-as-prices-rise-in-2016-economic-research.md) | +1.0% | +1.0% |
| MILK | 2026-10-06 | [Margins Tighten for Producers Amid Feed and Fuel Cost Increases - NMPF](https://feedsoft.ai/events/17118-margins-tighten-for-producers-amid-feed-and-fuel-cost-increases-nmpf.md) | -0.6% | +0.9% |
| MILK | 2026-07-10 | [Milk, Dairy and Grain Market Commentary](https://feedsoft.ai/events/18343-milk-dairy-and-grain-market-commentary.md) | +0.4% | +6.4% |
| MILK | 2025-06-29 | [The KDM Dairy Report 6/29/2025 \| KDM Trading Inc](https://feedsoft.ai/events/4526-the-kdm-dairy-report-6-29-2025-kdm-trading-inc.md) | -7.8% | -7.7% |

## Sources

- ifa.ie: https://www.ifa.ie/markets-and-prices/modest-output-growth-but-moderating-prices/

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