FAO Dairy price index moved up in June 2024
The FAO Dairy Price Index averaged 127.8 points in June, up 1.5 points (1.2 percent) from May and standing 7.9 points (6.6 percent) above its corresponding value one year ago. In June, international price quotations for butter rose to a 24-month high, underpinned by increased global demand for near-term deliveries amidst heavy retail sales and seasonally falling […]
Dairy industry navigates global market challenges
Dairy Australia’s September 2023 Situation and Outlook Report shows the industry is navigating a challenging global market, amidst strong farm gate milk prices and growth in retail value. The report said lower export prices were a result of weakened global demand for dairy products, particularly from China. Meanwhile, cost of living pressures continue to impact […]
