World Dairy Prices Stay Steady09 December 2013
GLOBAL – Strong Chinese demand for milk powder has maintained world dairy prices at a similar level to October, says the World Food and Agriculture Organisation (FAO).
Southern hemisphere production focused on milk powder through November, rather than butter and cheese, to meet markets.
In its monthly price index release, the FAO stated dairy values averaged a steady 251.4 points, 23 per cent above its level in the same month last year.
Southern hemisphere producers are keeping up with current demand, despite southern hemisphere production, the FAO added.
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