Dairy Outlook is a service of FAO’s Markets and Trade 

 

The FAO Dairy Price Index averaged 131.3 points in February, down 3.6 points (2.7 percent) from January and standing 10.2 points (7.2 percent) below the corresponding month last year. In February, the decline in the index was driven by lower prices across all dairy products, with the steepest falls in butter and skim milk powder (SMP). The continued weakness in global import demand, especially for near-term deliveries underpinned the price declines, despite a noticeable increase in purchases in recent weeks by North Asia. In addition, increased exportable supplies, including inventories of butter, cheese and SMP, in Western Europe, where seasonal milk deliveries in recent months have tracked above their corresponding monthly averages, also weighed on global export prices.

 

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