Dairy prices rose in the New Zealand Global Dairy Trade event that concluded recently. The overall price index increased by 5.7%. Butter prices climbed 6.1% to $6,728 per tonne from $6,347 per tonne. Cheddar reached $4,920 per tonne, up 4.3% from $4,736 per tonne. Skimmed milk powder gained 9.1% to $3,243 per tonne from $2,973 per tonne. Whole milk powder advanced 4.5% to $3,863 per tonne from $3,706 per tonne.

On the Dutch ZuivelNL market, multiple dairy products also saw gains. Fresh butter increased by €200 per tonne to €4,400 per tonne from €4,200 per tonne. Whole milk powder rose €50 per tonne to €3,250 per tonne from €3,200 per tonne. Skimmed milk powder for food use went up €60 per tonne to €2,540 per tonne from €2,480 per tonne. Skimmed milk powder for feed climbed €150 per tonne to €2,580 per tonne from €2,430 per tonne. Whey powder increased €130 per tonne to €1,200 per tonne from €1,070 per tonne.

These developments occurred from 22 January onward, as tracked by the Ulster Farmers' Union Milk Price Index.