FAO Dairy Price Index - November

The FAO Dairy Price Index averaged 125.5 points in November, up 4.1 points (3.4 percent) from October and 20.2 points (19.1 percent) above its level in the same month last year. In November, international price quotations for butter and milk powders rose sharply for the third consecutive month, driven by tight global export availabilities and depleted stocks, as deliveries declined in several large milk-producing countries in Western Europe, coinciding with lower-than-anticipated output in Oceania. Strong global import demand persisted amidst buyers’ efforts to secure spot supplies in anticipation of tightening markets, adding further upward pressure on prices, notwithstanding market uncertainty over near-term demand caused by increasing COVID-19-related social restrictions. Cheese quotations rose slightly, reflecting increased demand and shipping delays that hindered sales from global suppliers

  

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	4834	3124	3731	3861
2021-10	5220	3314	3887	3854
2021-11	5722	3501	4042	3871