The FAO Dairy Price Index - October 2015
The FAO Dairy Price Index averaged 155.6 points in October, up 13.4 points (9.4 percent) from September. Concerns that milk output in New Zealand would fall during the current June/May dairy year caused Oceania prices to rise in both September and October, with export prices from the EU following suite – although remaining below quotations in Oceania. Prices of whole milk powder surged by almost 21 percent over the month, with all the other dairy products also incurring marked increases.
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