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Dairy prices rose 3.4% at the June 1 Global Dairy Trade auction, with skim milk powder up 12.1% and butter milk powder up 14.2%. The European Commission plans to raise the skim milk powder intervention ceiling to 350,000 tonnes after the original and doubled ceilings were reached.
Public intervention buying removes skim milk powder from the market and supports dairy prices, while the GDT gains reinforce firmer global dairy values.
agriland.ieAmy FordeJun 1, 2016After 93 past neutral policy events, Milk (Class III) moved a median -0.0% over 5 sessions (48% higher; middle half -0.6% to +0.6%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
