The FAO Dairy Price Index - July 2016
The FAO Dairy Price Index averaged 142.3 points in July, up 4.3 points (3.2 percent) from June. Prices rose for all the dairy commodities that compose the Index, in particular for butter. Yet, they remain at very low levels compared to recent years. In the face of lacklustre international demand, especially for milk powders, the EU is considering measures to foster a reduction of milk output, which rose by 4.4 percent in the year to May. Meanwhile, in Oceania, generally favourable rainfall at the start of the 2016/17 milk year has improved yield prospects.
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