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| Date: | Thu, 9 Jan 2020 13:57:02 +0000 |
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Dairy Outlook is a service of FAO's Trade and Markets Division<http://www.fao.org/economic/est/est-commodities/dairy/en/>
The FAO Dairy Price Index averaged 198.9 points in December, up 6.3 points (3.3 percent) from November. Cheese price quotations surged the most, rising by almost 8 percent following three months of continuous decline, underpinned by strong global import demand amidst tighter export availabilities from the European Union and Oceania. After a sharp increase already in November, quotations for skim milk powder (SMP) continued to point higher in December, supported by limited availability of spot supplies, especially from the European Union. By contrast, weak global demand resulted in lower butter and whole milk powder (WMP) values. For 2019 as a whole, the FAO Dairy Price Index averaged nearly 199 points, up 5.8 points (3.0 percent) from 2018, with SMP prices registering the sharpest year-on-year increase, followed by cheese and WMP, while butter values averaged lower.
Tables and graphs<http://www.fao.org/economic/est/est-commodities/dairy/en/>
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