The Global Dairy Trade (GDT) index has risen in its latest auction, bringing to an end four consecutive decreases
The most recent tender – event 268 – concluded this afternoon (Tuesday, September 15) with the GDT Price Index up 3.6%.
Lasting two hours and 40 minutes, today’s event saw 177 bidders participate, with 123 winning bidders emerging.
A total of 33,791MT of product was sold on the day.
Key Results:
- AMF index up 2.0%, average price US$3,910/MT;
- Butter index down 1.4%, average price US$3,282/MT;
- BMP not offered;
- Ched index up 7.2%, average price US$3,674/MT;
- LAC index down 2.7%, average price US$1,277/MT;
- SMP index up 8.4%, average price US$2,889/MT;
- SWP index not available, average price not available;
- WMP index up 3.2%, average price US$2,985/MT.
A number of products performed strongly at today’s auction. Leading the way was skimmed milk powder (SMP), which recorded a rise of 8.4% in index. This was followed by a 7.2% increase for the cheddar index.
Whole milk powder (WMP) also performed well, recording a 3.2% boost in index, while anhydrous milk fat noted a 2% rise.
On the flip side, lactose saw a decrease of 2.7% in index today, while the butter index also fell by 1.4%.
Butter milk powder (BMP) was not offered at today’s event, while sweet whey powder (SWP) was once again not available.
Today’s overall index increase of 3.6% comes on the back of four decreases – three of which were relatively small drops – which followed a spike of 8.3% back in July.
