The Global Dairy Trade (GDT) Price Index has fallen slightly in its latest auction, which was held yesterday, Tuesday, August 20.
Yesterday’s tender – Event 242 – concluded with the GDT Price Index falling marginally by 0.2%, with an average price of $3,255.
Lasting one hour and 54 minutes, yesterday’s event saw 191 bidders compete across 12 rounds of bidding, with 141 of those bidders emerging as winners.
A total of 34,410MT of product was sold at yesterday’s event.
Key results:
- AMF index down 3.7%, average price US$5,061/MT;
- Butter index down 3.4%, average price US$4,025/MT;
- BMP not offered at this event;
- Ched index up 0.8%, average price US$3,857/MT;
- LAC index down 3.7%, average price US$740/MT;
- RenCas index down 8.1%, average price US$6,348/MT;
- SMP index down 0.3%, average price US$2,478/MT;
- SWP index not available, average price not available;
- WMP index up 2.1%, average price US$3,100/MT.
As can be seen in the above figures, the only products to see their price indices rise were cheddar and whole milk powder, which rose by 0.8% and 2.1% respectively.
The largest drop was for rennet casein, which saw a fall of 8.1%.
There was no recovery for lactose following a substantial fall of 11.5% at the last GDT trading event; it continued to slide yesterday, falling by 3.7%.
Anhydrous milk fat fell by the same figure, while butter was not far behind, with a 3.4% decline.
Of the products whose indices fell, skim milk powder fared the best, falling by a slight 0.3%.
Butter milk powder was not offered at this event and, once again, there were no figures for sweet whey powder.
