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 194.5 points in August, up 0.5 percent (1 point) from July, indicating a reversal from the sharp falls registered in the two preceding months and placing the index value only marginally (0.8 percent) below its level in the corresponding month last year. In August, price quotations for cheese, Skim Milk Powder (SMP) and Whole Milk Powder (WMP) all rose, reflecting higher import demand for near-term deliveries, as market activities began normalizing with the end of the summer recess in the northern hemisphere. By contrast, price quotations for butter fell for the third consecutive month due to weaker demand, further accentuated by market optimism that Oceania's export availabilities will rise in the new production season.
Tables and graphs<http://www.fao.org/economic/est/est-commodities/dairy/en/>