Dairy prices have risen slightly in the latest global auction with the average price up 0.4 percent to $US3490 a tonne.
Photo: RNZ/Susan Murray
That follows a half a percent rise in the previous auction, and is the highest average price in nearly two years, .
Prices have been rising since late November when they hit a two-year low because of an oversupply on world markets.
Whole milk powder, which has a key influence of farmer payouts, fell by half of a percent to $US3249 a tonne.
Prices for other products were mixed, with butter unchanged and cheddar lower.