Dairy Outlook is a service of FAO’s Markets
and Trade
The FAO Dairy Price Index averaged
149.8 points in June, up 5.9 points (4.1 percent) from May and as much as 29.9 points (24.9 percent) above its June 2021 value. In June, international prices of all dairy products increased. Quotations for cheese rose the most, underpinned by a surge in import
demand for spot supplies amid market concerns over supply availabilities later in the year, as the early summer heat wave further weighed on already low milk output in Europe. World milk powder prices increased on strong import demand, persistent global supply
tightness and low inventory levels. International butter prices rebounded as market uncertainty over milk deliveries in the months ahead bolstered foreign purchases as well as internal demand in Europe.