GDT index records another increase to mark 6 on the bounce

The Global Dairy Trade (GDT) index has posted an increase in the third auction of 2021 to mark six increases on the bounce in recent outings.

The most recent tender – event 277 – concluded today (Tuesday, February 2) with the GDT Price Index up 1.8%.

Lasting two hours and 17 minutes, today’s event saw 181 bidders participate; after 17 bidding rounds, some 103 winning bidders emerged.

A total of 28,707MT of product was sold on the day.

Key results:

AMF index up 1.3%, average price US$5,463/MT;
Butter index up 6.2%, average price US$5,028/MT;
BMP index up 10.7%, average price US$3,180/MT;
Ched index up 2.3%, average price US$4,178/MT;
LAC index up 3.8%, average price US$1,217/MT;
SMP index down 1.5%, average price US$3,198/MT;
SWP index not available, average price not available;
WMP index up 2.3%, average price US$3,458/MT.

Butter milk powder (BMP) was the big winner at today’s event, recording a 10.7% rise in index. Butter, lactose (LAC), cheddar and whole milk powder (WMP) also performed strongly, recording index increases of 6.2%, 3.8%, 2.3% and 2.3% respectively.

Anhydrous milk fat (AMF) recorded a more modest lift of 1.3% while the only index decrease on the day was that of skim milk powder (SMP) which saw a slight drop of 1.5%.