The FAO Dairy Price Index averaged 141.1 points in February, up 8.5 points (6.4 percent) from January, marking the sixth successive monthly increase and placing the index 28.0 points (24.8 percent) above its value in the corresponding month last year. In February, international quotations for all dairy products represented in the index firmed, underpinned by the continued tightening of global markets on the back of lower than expected milk supplies in Western Europe and Oceania.
Besides tight global supplies, persistent import demand, especially from North Asia and the Middle East, led to steep increases in whole milk powder and cheese price quotations. International skim milk powder prices rose significantly as well, reflecting a lower volume of milk deliveries for drying plants in Western Europe, while butter prices received a boost from high demand for spot supplies.
| Date | Butter 1/ | Skim Milk Powder 2/ | Whole Milk Powder 3/ | Cheddar Cheese 4/ |
| 2016 | 3473 | 1986 | 2481 | 2807 |
| 2017 | 5641 | 2011 | 3163 | 3664 |
| 2018 | 5587 | 1834 | 3060 | 3736 |
| 2019 | 4443 | 2440 | 3186 | 3435 |
| 2020 | 3844 | 2606 | 3041 | 3506 |
| 2021 | 4995 | 3181 | 3855 | 3816 |
| 2022-01 | 6316 | 3859 | 4243 | 3976 |
| 2022-02 | 6629 | 4083 | 4585 | 4229 |
Posts
0 Comments