The rise in global dairy prices could be partially attributed to demand from China, says Westpac market strategist Imre Speizer.

Global dairy prices dipped slightly in the overnight Global Dairy Trade (GDT) auction.

The global dairy price index dipped slightly overnight.

Dairy prices fell overnight in Global Dairy Trade (GDT) auction, reversing the lift in the previous event.

The 2.7% jump in last week’s Global Dairy Trade overall price index – with a 3.6% bounce in whole milk powder – was a surprise, economists agree.

Dairy prices ended their recent slide in last night’s GlobalDairyTrade auction, with the price index lifting 2.7%.

Banks are mainly holding firm on their forecasts of $7/kgMS despite last week’s flat Global Dairy Trade result – a small decline of 0.4% in the overall price index.

Economists are still sticking to a 2019/20 season forecast of around $7/kgMS despite the 3.8% drop in the Global Dairy Trade overall price index last week.

Global dairy prices have tumbled in the latest Global Dairy Trade (GDT) event.

Was last week’s 3.4% drop in the Global Dairy Trade overall price index a warning sign or a temporary dip? Economists are divided.