Some good news for farmers, in the last Global Dairy Trade auction before Christmas

Overall prices are up 1.3 percent on last fortnight -- while the crucial Whole Milk Powder price is up point-five percent.

Dairy prices have now returned to pre-Covid levels.

Rabobank has also increased its farmgate milk forecast by 65 cents to seven-dollars per kilo of milk solids.

It says global demand is holding up, and consumer sentiment is improving.