Dairy products have risen in price by 3.4% - FAO
In November, for the third month in a row, a sharp growth in world prices for butter and milk powder continued against the background of a decrease in global export supply and a decrease in stocks due to a reduction in supplies from a number of large milk–producing countries in Western Europe and lower than previously expected production volumes in Oceania. Global import demand remained at a high level due to the desire of buyers to provide spot supplies in anticipation of a decrease in supply in the markets, which also contributed to price growth, despite the uncertainty prevailing in the markets regarding the level of demand in the near future caused by the introduction of new social restrictions in connection with the COVID-19 pandemic.
Cheese quotes rose slightly as a result of increased demand and delays in deliveries, which slowed down the pace of sales from global suppliers.
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