The Global Dairy Trade (GDT) price index continues to rise, with a 2.3% increase at the latest auction held on 16 January compared with the event a fortnight ago.
Butter increased by 5.8% to €5,426/t, the largest proportional increase of any product traded.
It was followed by anhydrous milk fat, which rose by 4.3% to €5,368/t.
Mozzarella was the only product traded that decreased, falling by 3.3% to €3,520/t since the last GDT auction two weeks ago.
Whole milk powder increased by 1.7% to €3,081/t and skim milk powder rose 1.2% to €2,424/t.
Cheddar saw a slight 1% rise to €3,876, while lactose went up by 1.3% to €699.
The GDT index is the highest it has been since the trading event held on 21 February 2023.
GDT up, with butter and whole milk powder biggest winners