Latest auction sees GDT index record 3 boosts on the bounce

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.

Key results:
  • 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.

Source: Global Dairy Trade

The final GDT auction of 2020 concluded relatively strongly, with increases seen across all products offered today.