Dairy Outlook is a service of FAO’s
Trade and Markets Division
The FAO Dairy Price Index averaged 200.6 points in January, up nearly 1.8 points (0.9 percent) from December. At this level, the Index stands
18.5 points (10.2 percent) above its value in the corresponding month last year. In January, price quotations for butter, cheese and skim milk powder (SMP) all rose, reflecting strong import demand, combined with limited spot availabilities in Europe as well
as in Oceania. Seasonal-low milk production in Oceania provided additional price support. By contrast, quotations for whole milk powder (WMP) fell, reflecting limited global demand during the first half of the month.