Dairy Outlook is a service of FAO’s Markets
and Trade
The
FAO Dairy Price Index averaged 142.5 points in September, down 0.8 points (0.6
percent) from August, marking the third consecutive monthly decline, but remained 24.4 points (20.7 percent) above its value a year ago. In September, international prices of all dairy products declined moderately, to a great extent reflecting the impact of
the weaker Euro against the United States dollar in world dairy prices (expressed in United States dollars). Moreover, limited market demand for medium-term deliveries due to apprehensions over market uncertainties stemming from tight milk production, high
energy costs and labour shortages, especially in Europe, coupled with bleak global economic growth prospects, also weighed on international dairy price quotations. Meanwhile, demand for spot supplies remained robust, especially from Asia.