GDT index dips again to mark 5 decreases on the trot
The Global Dairy Trade (GDT) index has recorded a slight drop to mark five consecutive decreases over the last two months in its latest auction.
The most recent tender – event 286 – concluded today (Tuesday, June 15) with the GDT Price Index down 1.3%.
Lasting two hours and 21 minutes, today’s event saw 160 participating bidders take part across 18 bidding rounds, with 101 winning bidders emerging.
A total of 21,522MT of product was sold on the day.
- AMF index up 0.6%, average price US$5,687/MT;
- Butter index down 1.7%, average price US$4,612/MT;
- BMP not offered;
- Ched index up 0.2%, average price US$4,328/MT;
- LAC index up 0.4%, average price US$1,240/MT;
- SMP index down 1.7%, average price US$3,356/MT;
- SWP index not available, average price not available;
- WMP index down 1.8%, average price US$3,997/MT.
In what was a largely steady affair overall, butter and powders took the hardest hit, with whole milk powder (WMP) down 1.8% in index, while both butter and skim milk powder (SMP) both dipped by 1.7% in index.
On the flip side, anhydrous milk fat (AMF) rose slightly in index by 0.6%, while lactose and cheddar also saw small increases in index of 0.4% and 0.2% respectively.
Butter milk power (BMP) was not offered on the day, while sweet whey powder (SWP) was once again not availabe.