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

 

The FAO Dairy Price Index averaged 170 points in December, down 5.9 points (3.3 percent) from November, marking the seventh successive month of decrease. In December, international price quotations for butter, cheese and Whole Milk Powder (WMP) declined, underpinned by increased availability of export supplies, especially from New Zealand. However, Skim Milk Powder (SMP) prices increased marginally on stronger world import demand. For the whole of 2018, the Index averaged 192.9 points, down 4.6 percent from 2017, as a result of declines in price quotations for all dairy products included in the Index during the second half of the year.

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