Global dairy values rose for the seventh time in a row

Fonterra, the New Zealand-based dairy company that sets the international standard prices, has raised the average price of its dairy products for the seventh consecutive week, hiking them by 3%. The average price now stands at US $ 3,746 per ton. Notably, whole milk powder, a key product for Paraguayan companies, has seen a 4.3% increase and is now priced at US $ 3,615 per ton, a five-year high. Cheddar cheese was the most valued product with a 2.4% rise, reaching US $ 4,268 per ton, while butter and anhydrous milk fat also saw slight price increases.