The United Nations' Food and Agriculture Organization (FAO) has reported a 3.8% increase in its Dairy Price Index for September 2023, reaching 136.3 points, which is 21.7% higher than the same period last year. This surge is attributed to rising prices in all dairy products, with the most significant increase seen in dry whole milk due to high Asian import demand and seasonal milk production in Oceania. The prices of skimmed milk powder and cheese have also increased, largely due to limited export opportunities and reduced milk supplies in Western Europe. Additionally, world butter prices have been on a consistent rise for the past eleven months, driven by high import and domestic demand, limited supplies, and decreased milk production in Western Europe. Furthermore, the GDT Dairy Price Index, which measures the average price of dairy products sold on the Global Dairy Trade platform, also saw a 1.2% increase.