Dairy market review - Price and policy update - July 2021

Year of publication2021

AuthorFAO

PublisherFAO

AbstractInternational dairy prices, measured by the FAO Dairy Price Index, fell slightly in June, ending 12-month of uninterrupted increases. At 119.9 points in June, the global dairy price index stood at 22 percent above its level one year ago. International quotations for all dairy products represented in the index fell in June, with butter registering the highest decline, underpinned by a faster decline in global import demand and a slight increase in inventories, especially in Europe. Whole milk powder prices declined on reduced purchases by China and lower demand for spot supplies, while global export availabilities remained adequate to meet existing orders. Quotations for cheese and skim milk powder weakened slightly also on reduced global import demand amid somewhat higher export supplies from major producing regions.

 

ThemeAgricultural Commodities and Development

Product typeJournal; magazine; bulletin

SeriesDairy Market Review

Areas of workGlobal Commodity Markets

CommodityMilk and dairy

Keywordsdairy industry; milk production; milk products; international trade; trade statistics; world markets; forecasting