# Dairy markets: lower supply and strong demand supporting prices -  Premium

> European dairy prices remain firm after lower April milk output in the Netherlands, Ireland and the UK, with difficult weather cited. Demand from the 2018 World Cup in Russia is supporting cheese and butter prices. Mozzarella spot prices hit a new high of €3,450 a tonne, and skim milk powder rose to €1,600 a tonne.

- Date: 2018-06-13 · published 2018-06-13T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/64547-dairy-markets-lower-supply-and-strong-demand-supporting-prices-premium
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tighter European milk supply and strong World Cup-driven demand support dairy prices, which lifts the cost of dairy-based feed ingredients.

## Read by commodity

- MILK: bullish ▲

## Sources

- farmersjournal.ie: https://www.farmersjournal.ie/dairy/markets/dairy-markets-lower-supply-and-strong-demand-supporting-prices-379455

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