date:Apr 12, 2013
inly by prolonged hot, dry weather in Oceania which has hit pastures and led to milk production falling off steeply and a subsequent decrease in processing of dairy products, which include butter, cheese and milk powder.
FAO's dairy products index is based on prices in the world's largest dairy exporter New Zealand, which have climbed as buyers bid against each other to meet commitments.
A usual spring surge in milk production in Europe has also been slowed down by unfavourable weather limitin