The FAO Dairy Price Index averaged 141.6 points in May, down 5.1 points (3.5%) from April, marking the first decline after eight consecutive monthly increases, but still 20.5 points (16.9%) higher than its level in May of last year.
World prices of all milk products fell, with milk powders declining the most, underpinned by lower buying interests on market uncertainties stemming from the continued lockdown in China, despite the persistent global supply tightness. Butter prices also dropped significantly due to weaker import demand in tandem with some improvements to supplies from Oceania and limited internal sales in Europe. Meanwhile, robust retail sales and high demand from restaurants ahead of the summer holidays in the Northern Hemisphere prevented cheese prices from falling significantly, despite weakened global import demand.
May-22 dairy product prices are as follows:
| Date | Butter / | Skim Milk Powder / | Whole Milk Powder / | Cheddar Cheese / |
| 2022-01 | 6326 | 3859 | 4243 | 3976 |
| 2022-02 | 6634 | 4097 | 4604 | 4246 |
| 2022-03 | 6923 | 4370 | 4869 | 4249 |
| 2022-04 | 7223 | 4482 | 4725 | 4251 |
| 2022-05 | 6922 | 4233 | 4389 | 4221 |
Posts
0 Comments