The FAO Dairy Price Index - March 2014
The FAO Dairy Price Index averaged 268.5 points in March, a fall of 6.9 points, or 2.5 percent, over February. Demand for all dairy products has been affected by reduced purchases by China and uncertainty over trade with the Russian Federation. Additionally, an extended season in New Zealand and a good start to the dairy-year in the northern-hemisphere have meant that supplies for export have increased. The dairy commodity subject to the sharpest price drop was Whole Milk Powder, reflecting reduced buying interest from China, in particular.
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