The FAO Dairy Price Index - April 2015
The FAO Dairy Price Index averaged 172.4 points in April, down 12.5 points (6.7 percent) from March. Milk powders and butter were the main commodities affected. The price weakness affecting the sector reflects a favourable opening to the April-March dairy year in the EU, combined with the abolition of the milk quota system, which raised expectations of abundant export supplies. Dairy prices were also influenced by uncertainty over the level of China's purchases during 2015 and continued import prohibitions imposed by the Russian Federation.
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.