# Whole milk powder drives prices up at latest Global Dairy Trade auction - Agriland.ie

> Dairy product prices at the Global Dairy Trade auction rose 11.4%, the second-largest increase this year. Whole milk powder led the gains with a 19.8% rise, while lactose and butter milk powder fell. EU milk production fell 1.9% year-on-year in August 2016, the third consecutive monthly decline.

- Date: 2016-11-01 · published 2016-11-01T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8319-whole-milk-powder-drives-prices-up-at-latest-global-dairy-trade-auction
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower EU and Oceania milk supply combined with strong whole milk powder demand tightens global dairy supplies and lifts dairy prices. Higher milk prices can also raise the cost of dairy-based feed ingredients for buyers.

## Read by commodity

- MILK: bullish ▲

## Sources

- agriland.ie: https://www.agriland.ie/farming-news/whole-milk-powder-drives-prices-up-at-latest-global-dairy-trade-auction/

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