The FAO Dairy Price Index - February 2014
The FAO Dairy Price Index averaged 275.4 points in February, a rise of 7.7 points, or 2.9 percent, over January. Demand for all dairy products remains firm, especially from North Africa, the Middle East (SMP and WMP) and the Russian Federation (butter). Limited supplies have lent support to prices, with the index currently standing 31.3 percent above its level in February 2013. Mild weather in some regions of Western Europe has provided the basis for a strong start to the 2014/15 season, which will only peak in April-May. Meanwhile, export supplies in Oceania remain limited.
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