Trade and markets
 

Milk and dairy

The FAO Dairy Price Index - January 2018
The FAO Dairy Price Index averaged 179.9 points in January, down 2.4 percent (4.5 points) from December 2017. Although this decline pushed the index further down for the fourth consecutive month, it is still 41 percent higher than its trough reached in April 2016. During the month, international price quotations for butter and cheese declined, while those of milk powders increased. Abundant milk supplies in the northern hemisphere and Australia represented a factor that heavily influenced global dairy prices, including the declines in butter and cheese prices. However, the possibility for seasonal milk production in New Zealand to be lower than expected lent support to Whole Milk Powder (WMP) prices. Skim Milk Powder (SMP) values also increased, mostly on account of strong import demand.

Dairy Outlook List - free subscription!
The Dairy Outlook List is a network to facilitate the exchange of information on developments in the world's dairy industry between list members.