At the latest global auction overnight, the average price was up by 1.9 percent to $US3324 ($NZ4846) a tonne.
Prices have steadily climbed since late November, when they hit a two-year low because of market oversupply.
The price of whole milk powder – a key influence on farmer payouts – increased by 4 percent to $US3017 ($NZ4398) a tonne.
Prices for most products rose.
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