The Global Dairy Trade (GDT) index has posted an increase in the third auction of 2021 to mark six increases on the bounce in recent outings.

The most recent tender – event 277 – concluded today (Tuesday, February 2) with the GDT Price Index up 1.8%.

Lasting two hours and 17 minutes, today's event saw 181 bidders participate; after 17 bidding rounds, some 103 winning bidders emerged.

A total of 28,707MT of product was sold on the day.

Key results:

  • AMF index up 1.3%, average price US$5,463/MT;
  • Butter index up 6.2%, average price US$5,028/MT;
  • BMP index up 10.7%, average price US$3,180/MT;
  • Ched index up 2.3%, average price US$4,178/MT;
  • LAC index up 3.8%, average price US$1,217/MT;
  • SMP index down 1.5%, average price US$3,198/MT;
  • SWP index not available, average price not available;
  • WMP index up 2.3%, average price US$3,458/MT.

Butter milk powder (BMP) was the big winner at today's event, recording a 10.7% rise in index. Butter, lactose (LAC), cheddar and whole milk powder (WMP) also performed strongly, recording index increases of 6.2%, 3.8%, 2.3% and 2.3% respectively.

Anhydrous milk fat (AMF) recorded a more modest lift of 1.3% while the only index decrease on the day was that of skim milk powder (SMP) which saw a slight drop of 1.5%.

[caption id="attachment_566071" align="aligncenter" width="706"] Source: Global Dairy Trade[/caption]

Once again sweet whey powder (SWP) was not available at today's auction.