# Exports Provide Milk Prices A Glimmer Of Hope – Histórico eDairyNews

> Analysts say US milk basis remains weak, but exports rose strongly in the first quarter and demand is growing in Southeast Asia, the Middle East and North Africa. Higher crude oil prices, around $71.50, are boosting those economies' purchasing power for milk powders and proteins.

- Date: 2018-05-29 · published 2018-05-29T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/9761-exports-provide-milk-prices-a-glimmer-of-hope-historico-edairynews
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Stronger export demand for milk powders and proteins supports futures, though weak regional basis limits farmgate gains.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-01-02 | [Higher Milk Prices Are Here — Now What? - EDairy News English](https://feedsoft.ai/events/4662-higher-milk-prices-are-here-now-what-edairy-news-english.md) | -12.0% | -11.7% |
| MILK | 2020-08-05 | [Restrained Milk Production Bodes Well For Prices, Exports - EDairy News English](https://feedsoft.ai/events/8834-restrained-milk-production-bodes-well-for-prices-exports-edairy-news-english.md) | -21.0% | -19.2% |
| MILK | 2018-12-31 | [Higher milk prices expected in 2019](https://feedsoft.ai/events/7672-higher-milk-prices-expected-in-2019.md) | +2.2% | +1.1% |
| MILK | 2017-02-28 | [Exports make dairy price forecast good - Brownfield Ag News](https://feedsoft.ai/events/5040-exports-make-dairy-price-forecast-good-brownfield-ag-news.md) | -5.8% | -6.2% |
| MILK | 2016-08-02 | [Dairy product prices jump as global milk output eases \| BusinessDesk](https://feedsoft.ai/events/6032-dairy-product-prices-jump-as-global-milk-output-eases-businessdesk.md) | +12.3% | +10.9% |

## Sources

- history.edairynews.com: https://history.edairynews.com/paises/exports-provide-milk-prices-a-glimmer-of-hope/

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