New Zealand: Global Dairy Prices Post Biggest Gain in 7 Months.

The Global Dairy Trade Price Index rose 2.5% in the two weeks ended October 20, extending the previous auction’s 1.2% increase, according to GlobalDairyTrade. The latest result marked the strongest rise since early March, while the average winning price climbed to $4,021 per metric ton. Prices rose for buttermilk powder (+8.4%), whole milk powder (+4.4%), skim milk powder (+3.4%), mozzarella (+1.3%), and lactose (+0.6%). These gains were partly offset by declines in cheddar (-7.4%), anhydrous milk fat (-3.4%), and butter (-0.4%).