Dairy Outlook is a service of FAO’s Markets and Trade<http://www.fao.org/economic/est/est-commodities/dairy/en/> The FAO Dairy Price Index averaged 111.0 points in January, up 1.7 points (1.6 percent) from December 2020, rising for the eighth consecutive month and placing the index at 7.1 points (6.9 percent) above its value in the corresponding month last year. In January, butter and whole milk powder (WMP) price quotations increased, underpinned by China’s high purchases in the wake of the country’s upcoming New Year holiday festivities amid seasonally lower exportable supplies in New Zealand. Price quotations for skim milk powder (SMP) too rose, pressured by high import demand for spot supplies and lagging production activities in Western Europe. By contrast, cheese prices fell slightly from the highs registered in December 2020 due to limited internal sales in Europe, coupled with a stock build-up in the United States of America. Tables and graphs<http://www.fao.org/economic/est/est-commodities/dairy/en/>