Dairy prices are continuing to rise.
Overall prices are up 2.3% 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 told Tim Dower that 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.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Nikki Glaser Podcast
Every week comedian and infamous roaster Nikki Glaser provides a fun, fast-paced, and brutally honest look into current pop-culture and her own personal life.