Monthly dairy price index worldwide 2024

The FAO Dairy Price Index* was 126 points in May 2024. The coronavirus pandemic and the war in Ukraine have driven the price of dairy products up throughout 2022, but prices have since decreased.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated facts and figures page.

For further information about the Russian invasion of Ukraine, please visit our dedicated page on the topic.

Monthly dairy price index worldwide from January 2000 to May 2024

Characteristic	Food price index (2014-2016=100)
2024-05	126
2024-04	123.8
2024-03	124
2024-02	120.7
2024-01	118.7
2023-12	118.7
2023-11	116.5
2023-10	114.6
2023-09	112
2023-08	114.3
2023-07	119.1
2023-06	119.9
2023-05	121.7
2023-04	129.3
2023-03	135.3
2023-02	138.7
2023-01	144.7
2022-12	139.1
2022-11	137.6
2022-10	139.3
2022-09	142.7
2022-08	143.4
2022-07	146.5
2022-06	150.2
2022-05	144.2
2022-04	146.7
2022-03	145.8
2022-02	141.5
2022-01	132.6
2021-12	129
2021-11	126
2021-10	121.5
2021-09	118.1
2021-08	116.2
2021-07	116.7
2021-06	119.9
2021-05	121.1
2021-04	119.1
2021-03	117.5
2021-02	113.1
2021-01	111.2
2020-12	109.2
2020-11	105.4
2020-10	104.5
2020-09	102.3
2020-08	102.1
2020-07	101.8
2020-06	98.3
2020-05	94.4
2020-04	95.8
2020-03	101.5
2020-02	102.9
2020-01	103.8
2019-12	103.5
2019-11	102.5
2019-10	100.8
2019-09	99.6
2019-08	100.3
2019-07	101.1
2019-06	102.9
2019-05	106.6
2019-04	106.1
2019-03	105.6
2019-02	103.8
2019-01	100.9
2018-12	97.8
2018-11	100
2018-10	102.8
2018-09	108.3
2018-08	108.5
2018-07	110.1
2018-06	112.3
2018-05	111.4
2018-04	110
2018-03	111.3
2018-02	108.8
2018-01	106
2017-12	107.3
2017-11	111.4
2017-10	115.4
2017-09	118.4
2017-08	116.9
2017-07	113.9
2017-06	109.7
2017-05	104.8
2017-04	100
2017-03	100.6
2017-02	99.2
2017-01	98.6
2016-12	96.2
2016-11	94.5
2016-10	93.8
2016-09	90.9
2016-08	81.8
2016-07	76
2016-06	73.9
2016-05	72.7
2016-04	77.1
2016-03	76.7
2016-02	78.8
2016-01	79.4
2015-12	81
2015-11	80.5
2015-10	88
2015-09	83.2
2015-08	79.9
2015-07	82.2
2015-06	87.7
2015-05	89.9
2015-04	90.6
2015-03	95.1
2015-02	95.2
2015-01	92.4
2014-12	98.5
2014-11	102.6
2014-10	107.1
2014-09	110.8
2014-08	120.6
2014-07	130.2
2014-06	136.1
2014-05	141.8
2014-04	147.3
2014-03	154.8
2014-02	156.4
2014-01	156.2
2013-12	156.5
2013-11	151.9
2013-10	153
2013-09	149
2013-08	145.6
2013-07	141
2013-06	140.3
2013-05	140
2013-04	140.8
2013-03	128
2013-02	123.8
2013-01	121
2012-12	118.1
2012-11	114.9
2012-10	114.2
2012-09	111
2012-08	102
2012-07	99.7
2012-06	102.3
2012-05	105.5
2012-04	112.5
2012-03	118.1
2012-02	121.2
2012-01	120.3
2011-12	122
2011-11	125.1
2011-10	126.2
2011-09	127.1
2011-08	131.9
2011-07	133.6
2011-06	135.3
2011-05	134.2
2011-04	134.5
2011-03	135.8
2011-02	130.3
2011-01	122.8
2010-12	117.4
2010-11	118.7
2010-10	121.4
2010-09	116
2010-08	112.3
2010-07	112.8
2010-06	110.4
2010-05	111.8
2010-04	109.7
2010-03	101.6
2010-02	101.6
2010-01	109
2009-12	112.8
2009-11	113.1
2009-10	102.7
2009-09	95.1
2009-08	88
2009-07	85.1
2009-06	84.7
2009-05	83.5
2009-04	80.4
2009-03	80.9
2009-02	82.6
2009-01	88.2
2008-12	94.9
2008-11	97.8
2008-10	107
2008-09	120.5
2008-08	133.5
2008-07	144.1
2008-06	143.9
2008-05	144.3
2008-04	148.9
2008-03	152.6
2008-02	149.9
2008-01	150.6
2007-12	152.6
2007-11	154
2007-10	148
2007-09	145.1
2007-08	141.5
2007-07	135
2007-06	121
2007-05	105.3
2007-04	102
2007-03	91.8
2007-02	88.3
2007-01	84.2
2006-12	81.7
2006-11	75.4
2006-10	71.9
2006-09	70.3
2006-08	70.3
2006-07	71.3
2006-06	71
2006-05	71.3
2006-04	71.6
2006-03	73.1
2006-02	74.5
2006-01	74.3
2005-12	76.9
2005-11	78
2005-10	78.5
2005-09	78.7
2005-08	78.3
2005-07	77.1
2005-06	76.4
2005-05	76.5
2005-04	76.2
2005-03	77
2005-02	76.7
2005-01	76.2
2004-12	75.8
2004-11	75.1
2004-10	73.8
2004-09	73.3
2004-08	72.7
2004-07	72.6
2004-06	70.7
2004-05	67.8
2004-04	65.8
2004-03	65.2
2004-02	64.3
2004-01	60.9
2003-12	59.7
2003-11	58.6
2003-10	57.6
2003-09	55.2
2003-08	53.6
2003-07	53.2
2003-06	52.6
2003-05	52.6
2003-04	52.7
2003-03	53.7
2003-02	53.1
2003-01	51.3
2002-12	49.3
2002-11	45.5
2002-10	42.9
2002-09	41.6
2002-08	40.1
2002-07	40.6
2002-06	42.9
2002-05	44.8
2002-04	48.9
2002-03	50.7
2002-02	52.8
2002-01	53
2001-12	56.9
2001-11	60.6
2001-10	62.8
2001-09	62.1
2001-08	62.5
2001-07	62.9
2001-06	62.4
2001-05	62
2001-04	59.5
2001-03	59.7
2001-02	59.5
2001-01	59.7
2000-12	60.1
2000-11	59.6
2000-10	59.1
2000-09	57.4
2000-08	56
2000-07	55.6
2000-06	53.8
2000-05	50.9
2000-04	50.4
2000-03	50.1
2000-02	50.4
2000-01	50.2

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Release date

June 2024

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Region

Worldwide

Survey time period

January 2000 to May 2024

Supplementary notes

* The source notes: "Dairy Price Index: Computed using 8 price quotations of four dairy products (butter, cheese, SMP, and WMP) from two representative markets. Within each dairy product, prices are weighted by the trade share of their respective markets, while the dairy products are weighted by the average export shares for 2014-2016."

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