The global dairy price index increased by 3.9%

Published 2021년 4월 11일

Tridge summary

The Food and Agriculture Organization of the United Nations (FAO) has reported a tenth consecutive month of growth in the global dairy price index, with a 16% increase compared to the same period last year. This rise is largely due to supply cuts in Europe and increased imports of milk powder from Asia, particularly China, amid concerns about potential supply issues. However, cheese prices have seen a slight decrease for three months in a row due to limited demand for spot supplies. Experts predict that the release of all fresh dairy products is likely to increase in May.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This was reported by the press service of the Food and Agriculture Organization of the United Nations (FAO). "The growth of this index has been going on for the tenth month in a row, as a result of which its value was almost 16% higher than in the corresponding period last year," the statement said. World butter prices rose in March, mainly due to some supply cuts in Europe, where the milk season begins late and domestic demand increases due to the expected resumption of catering. "Milk powder prices have also risen as a result of increased imports from Asian countries, especially China, due to concerns about possible short-term supply problems amid seasonal declining milk production in Oceania and shortages of transport packaging in Europe and ...

Source: Agravery