The Global Dairy Trade (GDT) index has recorded another decrease to mark seven consecutive index falls over the last three months in its latest auction.
The most recent tender – event 288 – concluded today (Tuesday, July 20) with the GDT Price Index down 2.9%.
Lasting one hour and 55 minutes, today’s event saw 154 participating bidders take part across 13 bidding rounds, with 111 winning bidders emerging.
A total of 22,405MT of product was sold on the day.
- AMF index down 0.3%, average price US$5,615/MT;
- Butter index down 0.8%, average price US$4,419/MT;
- BMP not offered;
- Ched index up 1.3%, average price US$4,022/MT;
- LAC index down 8.9%, average price US$1,127/MT;
- SMP index down 5.2%, average price US$2,971/MT;
- SWP index not available, average price not available;
- WMP index down 3.8%, average price US$3,730/MT.
The lactose index saw the most dramatic move on the day, nosediving by 8.9%; while both skim milk powder (SMP) and whole milk powder (WMP) saw hefty dips also, falling by 5.2% and 3.8% respectively.
Butter and anhydrous milk fat (AMF) saw smaller decreases of 0.8% and 0.3% respectively in index.
Cheddar was the only index available on the day to see an increase of a moderate 1.3%.
Sweet whey powder (SWP) was once again not available on the day.