Global dairy prices set to rise in months ahead

Dairy market analysts are predicting a recovery as the latest Global Dairy Trade Price Index climbed 0.9%, the second successive auction to record a price rise.

Global dairy prices set to rise in months ahead

This week’s average selling price was $3,368 (€2,804) per tonne. The index had risen 0.3% at the previous fortnightly global sale.

Traders are now describing this as a strong three-month rally, with analysts predicting the price will continue to rise in the months ahead as bad weather in New Zealand, the world’s largest dairy exporter, is set to hamper supply.

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