The FAO Dairy Price Index - February 2017
The FAO Dairy Price Index averaged 194.2 points in February, up slightly from the previous month and reaching its highest level since August 2014. At this level, it is 52 points, or 37 percent, higher than the corresponding period last year. While dairy markets are awaiting the emerging trend for export availabilities from the EU and the United States as the current dairy year unfolds, supplies to the international market continue to be adequate considering the level of demand. Looking at the general market trends over the past twelve months, butter-fat has been the dairy commodity in strongest demand, which caused butter and whole milk powder prices to increase by substantially more than those of skimmed milk powder and cheese.
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