The FAO Dairy Price Index - June 2016
The FAO Dairy Price Index averaged 137.9 points in June, up 9.9 points (7.8 percent) from May. Average monthly prices for all the dairy commodities that compose the Index rose. An uncertain outlook for the 2016/17 milk year in Oceania and a slowdown of monthly milk production growth in the EU in April caused quotations to strengthen. Despite the magnitude of the increase, the June rise only represented a recovery from the low prices prevailing in the preceding three months. Compared to June last year, the Dairy Price Index was down 23 points, or 14 percent.
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