# IFCN says low milk production in 2016 caused 2017 price peak - Dairy Industries International

> IFCN reports world milk production grew only 1.1% in 2016, the slowest rate since 1997, which lifted prices. It expects a new price cycle to start in 2018 with a downward trend as production expands.

- Date: 2017-12-01 · published 2017-12-01T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/67495-ifcn-says-low-milk-production-in-2016-caused-2017-price-peak-dairy-industries
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expected production growth in 2018 points to a downward milk price trend, which weighs on dairy-linked feed demand. The outlook depends on how quickly supply responds.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-07-11 | [Cheese production higher, milk prices lower - Dairy Star](https://feedsoft.ai/events/18337-cheese-production-higher-milk-prices-lower-dairy-star.md) | +0.4% | +7.1% |
| MILK | 2026-02-01 | [USDA says milk, dairy product prices fell in December](https://feedsoft.ai/events/21217-usda-says-milk-dairy-product-prices-fell-in-december.md) | +5.2% | +2.1% |
| MILK | 2021-04-16 | [Dairy prices under pressure due to increased U.S. milk production](https://feedsoft.ai/events/47608-dairy-prices-under-pressure-due-to-increased-u-s-milk-production.md) | +0.5% | +8.4% |
| MILK | 2016-11-02 | [Increased milk production pressures prices lower](https://feedsoft.ai/events/73986-increased-milk-production-pressures-prices-lower.md) | +13.4% | +14.8% |
| MILK | 2025-03-13 | [USDA Lowers 2025 Dairy Product, Milk Price Forecasts, Also Reduces Milk Production Forecast](https://feedsoft.ai/events/25582-usda-lowers-2025-dairy-product-milk-price-forecasts-also-reduces-milk.md) | -0.5% | -7.2% |

## Sources

- dairyindustries.com: https://www.dairyindustries.com/news/22820/ifcn-says-low-milk-production-2016-caused-2017-price-peak/

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