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

 

The FAO Dairy Price Index averaged 226.1 points in May, up 11.2 points (5.2 percent) from April, pushing the index 24.2 percent higher than at the start of the year and closer to a five-year high. A sharp upswing in cheese price quotations was mainly behind the strong increase in May, with other dairy products represented in the index also remaining above their January levels. The dairy price increase reflected robust global import demand amid tight export availabilities from Oceania, as drought conditions reinforced the seasonal decline in milk production. Concerns over milk production in Europe also provided support to prices.

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