Six-year high for global milk prices comes at a good time for Ireland

Strong demand from China and Southeast Asia helped boost the GDT Price Index 1.8%

The high comes at a good time for Irish dairy farmers who, together with their counterparts in Italy, and Poland, have led 2020’s increase in EU milk production. File Picture.  

A sixth positive Global Dairy Trade (GDT) auction result in a row on Tuesday indicated dairy markets remain healthy.

Strong demand from China and Southeast Asia for whole milk powder and skim milk powder from New Zealand helped boost the GDT Price Index 1.8%, to the highest level since May, 2014.