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Newsletter on production and trade development in the dairy sector

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FAO-Dairy-Outlook <[log in to unmask]>
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FAO-Dairy-Outlook <[log in to unmask]>
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Thu, 2 Apr 2020 10:54:04 +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 203.5 points in March, down 6.4 points (3.0 percent) from February, declining for the first time after registering continuous increases for four months. At this level, the Index is also down marginally from the corresponding period last year. In March, markets for milk powders were generally weaker, with skim milk powder (SMP) prices falling the most, followed by whole milk powder (WMP), cheese and butter. Global import demand for SMP and WMP dampened considerably, mainly due to disruptions in dairy supply chains with the imposition of containment measures to control the spread of Covid-19. Butter and cheese price quotations also eased in March, albeit moderately, due to weak import demand for spot supplies, notwithstanding seasonally limited export availabilities in Oceania.
Tables and graphs<http://www.fao.org/economic/est/est-commodities/dairy/en/>




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