# Latest Dairy Market Update - Output Growth Outpaces Demand - Irish Farmers' Association

> Global milk output has grown about 2% while demand rose only 1.5%, creating pressure on dairy prices. Butter prices are firming after falls in late 2017, while powder demand is weaker, and snow and ice in Northwest Europe cut UK milk deliveries.

- Date: 2018-03-22 · published 2018-03-22T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/65994-latest-dairy-market-update-output-growth-outpaces-demand-irish-farmers
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Supply growing faster than demand weighs on powder and milk prices, while weather-related losses in Europe provide only a temporary offset to the surplus.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-08-22 | [Dairy Market Report 23rd August - Irish Farmers' Association](https://feedsoft.ai/events/57577-dairy-market-report-23rd-august-irish-farmers-association.md) | -0.1% | +3.6% |
| MILK | 2020-04-03 | [U.S. dairy farmers dump milk as pandemic upends food markets](https://feedsoft.ai/events/4154-u-s-dairy-farmers-dump-milk-as-pandemic-upends-food-markets.md) | -5.0% | -21.3% |
| MILK | 2021-02-25 | [Dairy is testing historical market limits](https://feedsoft.ai/events/48806-dairy-is-testing-historical-market-limits.md) | +5.2% | +4.1% |
| MILK | 2020-04-24 | [Idaho dairymen dump milk as demand, prices fall \| Capital Press](https://feedsoft.ai/events/6502-idaho-dairymen-dump-milk-as-demand-prices-fall-capital-press.md) | -13.8% | -7.5% |
| MILK | 2020-05-05 | [Global Dairy Commodity Update May 2020 - EDairy News English](https://feedsoft.ai/events/53130-global-dairy-commodity-update-may-2020-edairy-news-english.md) | +1.8% | +5.7% |

## Sources

- ifa.ie: https://www.ifa.ie/markets-and-prices/latest-dairy-market-update-output-growth-outpaces-demand/

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