The Global Dairy Trade (GDT) index has recorded another drop to mark six consecutive decreases over the last three months in its latest auction.
The most recent tender – event 287 – concluded today (Tuesday, July 6) with the GDT Price Index down 3.6%.
Lasting one hour and 47 minutes, today’s event saw 176 participating bidders take part across 12 bidding rounds, with 128 winning bidders emerging.
A total of 24,278MT of product was sold on the day.
- AMF index down 0.9%, average price US$5,632/MT;
- Butter index down 3.2%, average price US$4,458/MT;
- BMP index down 9.8%, average price US$3,298/MT;
- Ched index down 9.2%, average price US$3,949/MT;
- LAC index unchanged, average price US$1,238/MT;
- SMP index down 7.0%, average price US$3,126/MT;
- SWP index not available, average price not available;
- WMP index down 3.0%, average price US$3,864/MT.
Butter milk powder (BMP) saw the most dramatic decrease on the day, tumbling by 9.8%. Cheddar too saw a sharp decline of 9.2% while skim milk powder (SMP) dropped by 7.0% in index.
The butter index decreased by 3.2% while whole milk powder (WMP) dropped 3% in index.
Lactose (LAC) remained unchanged - the only index on offer today which did not decrease.
Sweet Whey Powder (SWP) was once again not available on the day.