# Welcome Lift In Global Dairy Prices, But We're Not Out Of The Woods Yet - EDairy News English

> The Global Dairy Trade price index rose 4.6% at the latest auction, with whole milk powder up 4.6% and butter up 3.8%, though whole milk powder remains 25% below a year earlier. Westpac economist Nathan Penny said it was too early to call a turnaround, citing weak Chinese demand.

- Date: 2023-09-20 · published 2023-09-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/34112-welcome-lift-in-global-dairy-prices-but-we-re-not-out-of-the-woods-yet-edairy
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A global dairy price recovery eases pressure on export-dependent producers, but weak Chinese import demand limits the scope for a sustained rebound.

## Sources

- en.edairynews.com: https://en.edairynews.com/welcome-lift-in-global-dairy-prices-but-were-not-out-of-the-woods-yet/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.