The FAO Dairy Price Index - November 2013
The FAO Dairy Price Index averaged 251.4 points in November, practically the same as in October. Demand for milk powder, especially from China, remained strong and processors in the southern-hemisphere focused on this product rather than on butter and cheese. Southern-hemisphere milk production has passed its seasonal peak; however, supplies are adequate to meet current demand. Overall, the index stands 23 percent above its level in November 2012.
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