# Dairy product prices rise at latest Global Dairy Trade auction - Agriland.ie

> 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.

- Date: 2016-06-01 · published 2016-06-01T12:00:00.000Z
- Category: policy · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/7545-dairy-product-prices-rise-at-latest-global-dairy-trade-auction-agriland-ie
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Public intervention buying removes skim milk powder from the market and supports dairy prices, while the GDT gains reinforce firmer global dairy values.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2024-11-14 | [USDA Agricultural Service Releases Federal Milk Marketing Order Decision - Dairy Producer](https://feedsoft.ai/events/27406-usda-agricultural-service-releases-federal-milk-marketing-order-decision-dairy.md) | -0.3% | -6.0% |
| MILK | 2017-10-04 | [Weekly Digest: MPP-Dairy late filing a ‘black swan’ option -  \| Ag Proud](https://feedsoft.ai/events/68589-weekly-digest-mpp-dairy-late-filing-a-black-swan-option-ag-proud.md) | +2.0% | +2.1% |
| MILK | 2020-04-29 | [Hearing on temporary Class I base price hike requested; concerns raised - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/5183-hearing-on-temporary-class-i-base-price-hike-requested-concerns-raised.md) | -12.4% | -7.1% |
| MILK | 2023-05-18 | [Weekly Digest: Dairy co-ops add support to NMPF petition \| Ag Proud](https://feedsoft.ai/events/36096-weekly-digest-dairy-co-ops-add-support-to-nmpf-petition-ag-proud.md) | +0.1% | -7.8% |
| MILK | 2023-08-31 | [Dairy Products Pricing Report Captures Small Portion of Sales Volumes \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/34592-dairy-products-pricing-report-captures-small-portion-of-sales-volumes-farm.md) | -1.5% | -2.6% |

## Sources

- agriland.ie: https://www.agriland.ie/farming-news/dairy-product-prices-rise-at-the-global-dairy-trade-auction-2/

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