The Global Dairy Trade (GDT) index has dropped once more in its latest product auction, held earlier today (Tuesday, August 21).

The most recent auction - Event 218 - concluded with the GDT Price Index down 3.6% overall.

Lasting three minutes short of the two-hour mark, 158 bidders participated across 13 rounds with 126 emerging victorious in their bids.

Some 32,041MT of product was sold on the day overall.

Key Results:

The most dramatic moves at the event saw the Butter index tumble, falling by 8.5%, Anhydrous Milk Fat drop 6.9%, while Cheddar also took a hefty 4.7% hit.

Rennet Casein was the only product on the day to experience a lift in index, increasing by 2.8%.

Butter Milk Powder was not offered at this event, while neither Lactose nor Sweet Whey Powder were available.

With the exception of a brief reprieve at the previous auction - where the overall index remained unchanged - recent events throughout June, July and now August have been negative for the international dairy index.