World prices for dairy products increased by 2.2% in November

In November, the average value of the FAO dairy price index was 114.2 points, which is 2.2% higher than the October figure. The increase continues for the second month in a row, but the value of the index is 16.9% lower than in November 2022. This was reported to the FAO. In November, an increase in global quotations of butter and skimmed milk powder was recorded. This is due to high import demand from Asian countries, limited stocks and increased domestic demand ahead of the winter holidays in Western Europe. The same factors influenced the increase in prices for whole milk powder. However, weak import demand from Asian countries, as well as confident production rates in Oceania, hindered significant growth. The weakening of the US dollar against the euro also contributed to the increase in world prices for dairy products. World cheese prices in ...