The Global Dairy Trade auction index in New Zealand posted its largest gain since the beginning of the year again this week. Event 263 started our day with an 8.3% move higher than 3 weeks prior to $3,179 per ton. All the products traded higher except anhydrous milk fat that was 2/10 of a percent lower. Demand for whole milk powder carried the trade, up 14 percent. Butter was up 3%, Cheddar was up 3.3%, lactose traded 1.9% higher, skim milk powder was up 3.5%.
