INTERNATIONAL DAIRY MARKET NEWS 2018 WESTERN EUROPE EXPORT PRICES U.S. dollars per metric ton, F.O.B. port. REPORT BUTTER SKIM MILK POWDER WHOLE MILK POWDER BUTTER OIL WHEY POWDER 1 4800 - 5100 1600 - 1700 2900 - 3125 6400 - 7900 725 - 900 3 4925 - 5125 1600 - 1725 2975 - 3150 6400 - 8025 750 - 900 5 4975 - 5225 1675 - 1775 3050 - 3250 6325 - 7400 775 - 900 7 5175 - 5675 1630 - 1750 3100 - 3275 6300 - 7100 800 - 925 Information gathered for this report is from trades, offers to sell, and secondary data. Metric

INTERNATIONAL DAIRY MARKET NEWS 2018 OCEANIA EXPORT PRICES U.S. dollars per metric ton, F.O.B. port. REPORT 1 3 5 7

BUTTER 4475 - 4975 4525 - 5025 4550 - 5025 5250 - 5350

SKIM MILK 1675 1775 1775 1875 -

POWDER 1875 1850 1850 2350

WHOLE MILK POWDER 2850 - 2950 2925 - 3025 2925 - 3025 3200 - 3250

CHEDDAR CHEESE 3300 - 3475 3375 - 3500 3375 - 3550 3700 - 3950

Information gathered for this report is from trades, offers to sell, and secondary data. Metric ton = 2,204.6 pounds.

INTERNATIONAL DAIRY MARKET NEWS 2018 SOUTH AMERICA EXPORT PRICES U.S. dollars per metric ton, F.O.B. port. REPORT 1 3 5 7

BUTTER n.a. – n.a. – n.a. – n.a. –

n.a. n.a. n.a. n.a.

SKIM MILK POWDER 2475 - 2575 2500 - 2600 2450 - 2650 2450 - 2700

WHOLE MILK POWDER 2850 - 3450 2875 - 3450 2900 - 3350 3000 - 3450

BUTTER n.a. – n.a. – n.a. – n.a. –

OIL n.a. n.a. n.a. n.a.

WHEY POWDER n.a. – n.a. n.a. – n.a. n.a. – n.a. n.a. – n.a.

Information gathered for this report is from trades, offers to sell, and secondary data. Metric ton = 2,204.6 pounds.