Dairy price jump

The latest Global Dairy Trade auction has seen average prices jump by 11.4% to the highest level since July 2014.

gdt2016nov1index

Prices have been up and down quite a bit so it’s not possible to know if this is a jump as part of a positive trend or a bit of a blip.

gdt2016nov1trend

What dairy prices do could have a significant impact on next year’s election. A dairy recovery is likely to help National as long as the rest of the economy stays good.

Dairy prices rise again

Dairy prices continue to improve, modestly. In fact they have mostly risen through this year.

The latest Global Dairy Trade index is up another 7.7% which adds to a promising trend. This is said to be in part due to a tightening of global supplies.

gdt2016sep6index

Ten year trends:

gdt2016sep610yr

Promising.