GDT: Slight increase continues positive trend
The Global Dairy Trade (GDT) index has made it 11 consecutive rises on the trot following a slight increase in its latest auction today, Tuesday, May 7.
Lasting two hours and five minutes, today’s auction – event 235 – concluded with the GDT Price Index up 0.4%.
The latest tender saw 179 participating bidders go toe-to-toe across 14 rounds with 105 landing successful bids.
A total of 15,375MT of product was sold at today’s event.
- AMF index up 1.4%, average price US$6,217/MT;
- Butter index unchanged, average price US$5,486/MT;
- BMP index down 10.3%, average price US$3,242/MT;
- Ched index down 2.4%, average price US$4,217/MT;
- LAC index down 2.7%, average price US$887/MT;
- RenCas index up 3.1%, average price US$6,610/MT;
- SMP index up 2.8%, average price US$2,521/MT;
- SWP index not available, average price not available;
- WMP index down 0.5%, average price US$3,249/MT.
The most dramatic mover at today’s auction was butter milk powder (BMP) which fell 10.3%; lactose also fell some 2.7% while cheddar too was in the red, dropping by 2.4%.
On the flip side, rennet casein (RenCas) recorded an increase in index of 3.1%, while skim milk powder (SMP) received a 2.8% boost. Anhydrous Milk Fat (AMF) also rose by 1.4% in index.
Butter held steady, while once again there was no index available for sweet whey powder (SWP).