The FAO Dairy Price Index - March 2016
The FAO Dairy Price Index averaged 130.3 points in March, down 11.7 points (8.2 percent) from February – plummeting to a level last seen in June 2009. While prices for all dairy commodities fell, butter and cheese were the most affected, reflecting a build-up of stocks in the major exporting countries. In the case of milk powders, the declines have been contained by continued sales of SMP to intervention stocks in the EU, so providing an indicative base price for international transactions.
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The Dairy Outlook List is a network to facilitate the exchange of information on developments in the world's dairy industry between list members.