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