GDT index records slight increase in latest auction

The Global Dairy Trade (GDT) index has posted a marginal increase in index in its latest auction.

The most recent tender – event 281 – concluded today (Tuesday, April 6) with the GDT Price Index up 0.3%.

Lasting two hours and 15 minutes, today’s event saw 169 participating bidders go head-to-head across 15 bidding rounds, with 99 winning bidders emerging.

A total of 25,104MT of product was sold on the day.

Key results:

  • AMF index up 0.8%, average price US$6,209/MT;
  • Butter index up 2.0%, average price US$5,776/MT;
  • BMP index up 17.6%, average price US$3,710/MT;
  • Ched index up 2.2%, average price US$4,393/MT;
  • LAC index down 6.5%, average price US$1,307/MT;
  • SMP index up 0.6%, average price US$3,367/MT;
  • SWP index not available, average price not available;
  • WMP index unchanged, average price US$4,085/MT.

The butter milk powder (BMP) index had by far the most dramatic move on the day, surging up by 17.6% in index.

Lactose on the other hand saw a dip of 6.5% in index.

Other indexes held relatively stable, recording slight increases, with cheddar, butter, anhydrous milk fat (AMF) and skim milk powder (SMP) all registering rises of 2.2%, 2%, 0.8% and 0.6% respectively.

Whole milk powder meanwhile remained unchanged, while sweet whey powder (SWP) was once again not available on the day.

Today’s result means a return (albeit small) to index increases for the GDT in 2021, marking six rises out of seven auctions so far this year, following on from a drop of 3.8% last time out.

The latest index figure of 1,299 is, with the exception of early last month, the highest the figure has been since March 2014.