FAO: Global dairy prices fell again in August

The FAO dairy price index stood at an average of 152.6 points in August 2025, which is 1.3% less than in July, marking its second consecutive monthly decline, but it still remains 16.2 points above its level from a year ago. According to the FAO, the decline was due to the drop in international prices of butter, cheese, and whole milk powder, which offset the rise in prices of skimmed milk powder. Butter prices decreased by 2.5% in August, "as the solid production in New Zealand—despite the seasonal pause in production in the country—and the steady supply from the EU boosted global availability, while demand for import remained sluggish, particularly from Asia," explains the organization. Cheese prices fell by 1.8%, reversing the increases recorded since April, "as lower demand from major Asian markets and the seasonal drop in export activity depressed Oceania markets," according to the FAO. In the EU, the decrease in domestic demand during the holiday season and increased ...