The FAO Dairy Price Index averaged 117.9 points in
September, up 1.7 points (1.5 percent) from August and exceeding by 15.6
points (15.2 percent) its value in the corresponding month last year.
In September, international quotations for all dairy products
represented in the index rose, with skim milk powder (SMP) and butter
rising sharply, underpinned by solid global import demand amid limited
export availabilities, especially from Europe on the back of low
inventories and seasonally declining milk production. Limited milk
production at this early stage of the new season in Oceania, coupled
with low stocks, also lifted world butter and SMP prices. Meanwhile,
whole milk powder (WMP) and cheese prices rose moderately, owing to a
combination of constrained production, low inventories and steady
internal demand in Europe.
Current Dairy Price Status is as follows:
| Date | Butter 1/ | Skim Milk Powder 2/ | Whole Milk Powder 3/ | Cheddar Cheese 4/ |
| 2021-01 | 4316 | 2900 | 3353 | 3771 |
| 2021-02 | 4542 | 2957 | 3497 | 3758 |
| 2021-03 | 4952 | 3045 | 3979 | 3720 |
| 2021-04 | 5106 | 3123 | 3971 | 3765 |
| 2021-05 | 5003 | 3240 | 4061 | 3840 |
| 2021-06 | 4848 | 3228 | 3993 | 3829 |
| 2021-07 | 4624 | 3048 | 3868 | 3792 |
| 2021-08 | 4651 | 2985 | 3687 | 3846 |
| 2021-09 | 4809 | 3114 | 3725 | 3859 |
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