The Global Dairy Trade price index was up 6.6% overnight, with the all-important whole milk powder up 9.9%.

News out of Europe was more interesting than the lacklustre Global Dairy Trade auction last week, says Rabobank dairy analyst Emma Higgins.

ASB is sticking with its 2016/17 milk price forecasts of $6/kgMS, with the Global Dairy Trade overall price index remaining unchanged overnight.

The GlobalDairyTrade price index remained unchanged after last night's event – but key product, whole milk powder, was down 4.5%.

The latest Global Dairy Trade Auction returned a mixed bag of results for farmers.

Last week's GlobalDairyTrade result indicates China is back in the market and New Zealand supply is tightening, says Doug Steel, BNZ senior economist.

GlobalDairyTrade Event 162 concluded with the GDT price index up 3.8%, beating expectations.

Dairy prices lifted 2.1% at Fonterra's GlobalDairyTrade auction last night.

The GlobalDairyTrade price index was down 2.9% overnight, despite expectations of a small rise.

The GlobalDairyTrade price index was up 1.4% over night, with whole milk powder up 5.5%.