Dairy Outlook is a service of FAO’s
Trade and Markets Division
The FAO Dairy Price Index averaged 193.4 points in September, down 0.6 percent (1.1 points) from the previous month but still 1.3 percent
higher than its value in the corresponding month last year. In September, price quotations for cheese and butter fell, especially at the lower end of the price range. Moderate increases in export availabilities, principally in New Zealand, where milk production
is nearing the seasonal peak, contributed to the decline. By contrast, Skim Milk Powder (SMP) and Whole Milk Powder (WMP) price quotations firmed on strong import demand amid limited export availabilities, especially in Europe.