FAO Dairy Price Index declined first in five months

The FAO Dairy Price Index averaged 199.2 points in June, down 26.9 points (11.9 percent) from May.

This marked the first monthly decline in five months, but still, the indicator is 9.4 percent higher than its level at the start of the year.

"In June, price quotations across all four categories of milk products that constitute the Index dropped, with sharper falls registered for cheese and butter prices. June’s price weakness was precipitated by increased export availabilities and frail import demand," the report states.

As previously reported, Ukraine holds the 22nd position among the largest countries-producers of dairy products.