FAO: dairy price index falls by 5% in May
The FAO's dairy price index was 238.9 points in May, down for the second consecutive month, and 12 points (or 5%) down on April. The dairy product market is readjusting after a period of exceptionally high prices in 2013 and early 2014 caused by limited supply for export.
In recent months, production has increased and, in general, buyers are going to market only for their immediate needs, in the hope that prices will fall further. Consequently, the average prices of all commodities fell in May.