Dairy Outlook is a service of FAO’s Trade and Markets Division

 

The FAO Dairy Price Index averaged 184.4 points in December, down 19.8 points (9.7 percent) from November, marking the third successive month of decline. High export supplies in the face of subdued demand weighed on the international prices of all the four milk products that constitute the Index. Uncertainty over the intervention stocks in the EU continued to put downward pressure on international price quotations for skim milk powder (SMP). Overall, the FAO Dairy Price Index averaged 202.2 points in 2017, up 31.5 percent from 2016, with the largest increase recorded for butter followed by whole milk powder (WMP) and cheese, whereas SMP prices remained stable.

 

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