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Global dairy prices rose 6.6% at the August 3 Global Dairy Trade auction, averaging US$2,436 per tonne, with whole milk powder up 9.9%. It was the largest gain since October 2015.
Analysts said global milk production is slowing as low returns curb EU output.
The largest auction gain in nearly a year, driven by slowing global supply, suggests firmer dairy prices ahead and higher costs for dairy-based feed ingredients.
irishexaminer.comThu, 04 Aug, 2016 - 01:002016/08/04過去の強気な貿易イベント41件の後、牛乳(クラスIII) は5営業日で中央値 -0.1% 動き（49% が上昇。中央50%は -1.3% から +8.1%）、20営業日では +1.1% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
Coverage of the largest GDT gain since Oct 2015 framed it as a possible start of recovery, boosting bullish sentiment on the date of the move.
Largest GDT gain since Oct 2015 was read as a possible start of recovery, supporting bullish sentiment in dairy futures.
