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

 

The FAO Dairy Price Index averaged 199.1 points in July, down 14.1 points (6.6 percent) from June. At this level, the index stood at 10.7 percent above January 2018 but still 8 percent below the corresponding month a year ago. International price quotations across all dairy commodities (represented in the Index) fell, with the sharpest falls registered for butter and cheese. Whole Milk Powder (WMP) and Skim Milk Powder (SMP) prices also weakened. Dairy markets have remained under downward pressure, supported by ample export supplies, including good production prospects in New Zealand.

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