Rise comes after three auctions in which the index either fell or remained steady.
A 5% rise in skim milk powder prices helped the Global Dairy Trade price index to increase 1.1% at the April 1 event.
Following three fortnightly auctions in which the index either fell or remained steady, the latest lift was no joke for dairy farmers trying to keep milk production going and bank on the $10/kg milksolids seasonal forecast.
Under two months from the end of the season and battling widespread drought conditions, the GDT market has much to cheer about.
Despite a 1.2% drop in the latest auction, butter prices are at record levels.
Anhydrous milk fat rose 2.3% and cheddar was up 1.7%.
Butter milk powder dropped 5.6%, mozzarella was down 4% and lactose down 2.6%.
The GDT price index has risen steadily over the past 18 months but it is still some 20% lower than the recent record levels in 2021.
Fonterra suppliers will keep producing as much milk as feed conditions will allow within the limits of body score and the reproductive calendar.
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