The FAO Dairy Price Index - December 2014
The FAO Dairy Price Index averaged 174 points in December, down 4.1 points (2.3 percent) from November. Abundant export supplies continued to weigh on international prices in December. Over 2014, prices for international milk products averaged 224.2 points, down 7.7 percent from 2013. This fall has stemmed from increased export availability and a reduction in the pace of purchases by some of the leading importers, especially China and the Russian Federation. The decline in prices was most pronounced for milk powders, followed by butter and cheese.
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