The Global Dairy Trade (GDT) index has recorded a slight drop to mark four consecutive decreases over the last two months in its latest auction.
The most recent tender – event 285 – concluded today (Tuesday, June 1) with the GDT Price Index down 0.9%.
Lasting one hour and 56 minutes, today’s event saw 165 participating bidders take part across 13 bidding rounds, with 116 winning bidders emerging.
A total of 22,825MT of product was sold on the day.
- AMF index down 0.8%, average price US$5,654/MT;
- Butter index down 5.4%, average price US$4,690/MT;
- BMP index down 7.5%, average price US$3,810/MT;
- Ched index up 0.5%, average price US$4,324/MT;
- LAC index down 1.6%, average price US$1,236/MT;
- SMP index down 0.5%, average price US$3,415/MT;
- SWP index not available, average price not available;
- WMP index down 0.5%, average price US$4,062/MT.
The most dramatic move on the day was recorded by the butter milk powder (BMP) index which saw a 7.5% slide; butter also recorded a hefty 5.4% drop in index.
Other decreases recorded on the day were less severe, with lactose down 1.6%, anhydrous milk fat (AMF) down 0.8%, skim milk powder (SMP) down 0.5% and whole milk powder (WMP) down 0.5%.
Cheddar recorded the only increase in index on the day, rising by 0.5%, the GDT notes.
Once again, sweet whey powder (SWP) was not available at today's auction.