The FAO Dairy Price Index - December 2016
The FAO Dairy Price Index averaged 192.6 points in December, up 6.2 points (3.3 percent) from November. Moderate rises were recorded for butter, cheese and Whole Milk Powder (WMP), while quotations for Skimmed Milk Powder (SMP) remained stable. Restrained milk production in the EU and Oceania and buoyant international and domestic demand continued to underpin the market. While the Index average for 2016 was 4 percent lower than the previous year, international dairy prices staged a substantial recovery from mid-year onwards, with butter and WMP recording the largest increases.
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