Dairy Outlook is a service of FAO's Markets and Trade<http://www.fao.org/economic/est/est-commodities/dairy/en/>
The FAO Dairy Price Index averaged 117.9 points in September, up 1.7 points (1.5 percent) from August and exceeding by 15.6 points (15.2 percent) its value in the corresponding month last year. In September, international quotations for all dairy products represented in the index rose, with skim milk powder (SMP) and butter rising sharply, underpinned by solid global import demand amid limited export availabilities, especially from Europe on the back of low inventories and seasonally declining milk production. Limited milk production at this early stage of the new season in Oceania, coupled with low stocks, also lifted world butter and SMP prices. Meanwhile, whole milk powder (WMP) and cheese prices rose moderately, owing to a combination of constrained production, low inventories and steady internal demand in Europe.
Tables and graphs<http://www.fao.org/markets-and-trade/commodities/dairy/fao-dairy-price-index/en/>