The FAO Dairy Price Index - August 2015
The FAO Dairy Price Index averaged 135.5 points in August, down 13.6 points (9.1 percent) from July. As in the previous three months, milk powders were most affected, although cheese and butter prices also dropped substantially. Limited import demand from China, the Near East and North Africa continued to weigh on international dairy markets, especially as export availabilities remained generally ample. As seasonal milk production shifts from the northern to the southern hemisphere, attention is turning to developments in the newly-commenced dairy year in Oceania.
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