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:

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.