Dairy prices are continuing to rise

Overall prices are up 2.3 percent in the latest Global Dairy Trade auction overnight -- the fourth consecutive rise this summer.

Prices are down about a third from the record high reached in March 2022 -- but up about a quarter on the low reached in August last year.

Infometrics Principal Economist Brad Olsen says it's a positive sign.

He says the index is now at its highest level in almost 12 months, which points to some kind of recovery.