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 189.8 in March, down 4.4 points (2.3 percent) from the previous month, but still 60 points (46 percent) higher year-on-year. The decrease from February marked the first decline since April 2016, reflecting ample milk supplies in the northern hemisphere and prospects for higher-than-earlier anticipated milk production in Oceania. Combined, these factors fuelled expectations of increased supplies of milk powders and cheese. Conversely, butter prices rose, amid reduced export availability stemming from continued firm domestic demand in Europe and North America.

Tables and graphs<http://www.fao.org/economic/est/est-commodities/dairy/en/>