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. 

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