The FAO Dairy Price Index - June 2014
The FAO Dairy Price Index averaged 236.5 points in June, down 2.5 points (1.0 percent) over May and 9.7 points (4 percent) less year-on-year. The decline in June was substantially less than in the previous three months, suggesting that the downward price adjustment may be coming to an end. At the product level, large supply of milk powders continued to weigh on the market, while a firm import demand has kept cheese prices on the rise.
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