The School Milk list is a service of FAO’s Trade
and Markets Division
The FAO Dairy Price Index averaged 219.7 points in August, up 3.1 points (1.4
percent) from July. Although at that level the index exceeded its year-earlier value by 65 points (42 percent), it still stood 20 percent below the peak reached in February 2014. Butter and Whole Milk Powder (WMP) prices rose in August due to reduced export
availabilities resulting from greater domestic demand for butterfat in Europe and North America. By contrast, quotations of Skimmed Milk Powder (SMP) came under downward pressure due to prospects for greater export availabilities, while the global cheese market
remained stable.