Chinese demand and rising global costs for feed behind astonishing jump in GDT price

Butter price up 13.7% in important GDT indicator of global dairy market trends

Cows which are currently out on grass for a few hours every day are pictured coming in for milking in the Salesian Agricultural College, Pallaskenry, Co Limerick. Picture: O'Gorman Photography.

An unprecedented 15% rise in the Global Dairy Trade Price Index at today’s auction has indicated global dairy markets can deliver much improved milk prices for dairy farmers.

The eighth-in-a-row positive Global Dairy Trade auction result on Tuesday took prices to their highest level of more than seven years.