The Global Dairy Trade (GDT) index has recorded a small increase in its latest event to make it three consecutive increases in recent weeks.
The most recent auction - event 274 - concluded today (Tuesday, December 15) with the GDT Price Index up 1.3%.
Lasting one hour and 57 minutes, today's auction saw 169 participating bidders battle it out across 14 rounds, with 108 winning bidders emerging.
A total of 31,701MT of product was sold on the day.
- AMF index up 1.9%, average price US$4,360/MT;
- Butter index up 6.0%, average price US$4,221/MT;
- BMP not offered;
- Ched index up 4.2%, average price US$3,893/MT;
- LAC index up 1.5%, average price US$1,024/MT;
- SMP index up 1.2%, average price US$2,930/MT;
- SWP index not available, average price not available;
- WMP index up 0.5%, average price US$3,210/MT.
The most dramatic on the day was a hefty 6% increase in the butter index; this was followed by a strong 4.2% boost in index for cheddar.
Anhydrous Milk Fat (AMF), lactose and skim milk powder (SMP) all recorded more moderate increases of 1.9%, 1.5% and 1.2% in index respectively.
Meanwhile, whole milk powder saw a slight lift in index too, rising by 0.5%. Butter milk powder (BMP) was not offered at this event, while sweet whey powder (SWP) was once again not available.
The final GDT auction of 2020 concluded relatively strongly, with increases seen across all products offered today.