Strong start to 2021 continues for GDT with 7th consecutive index rise
The Global Dairy Trade (GDT) index has posted an increase in the fourth auction of 2021 to mark seven increases on the trot in recent outings.
The most recent tender – event 278 – concluded today (Tuesday, February 16) with the GDT Price Index up 3.0%.
Lasting two hours and two minutes, today’s event saw 152 bidders participate; after 15 bidding rounds, some 102 winning bidders emerged.
A total of 26,883MT of product was sold on the day.
- AMF index up 1.1%, average price US$5,527/MT;
- Butter index up 2.0%, average price US$5,129/MT;
- BMP not offered;
- Ched index up 2.4%, average price US$4,268/MT;
- LAC index up 0.4%, average price US$1,232/MT;
- SMP index up 0.3%, average price US$3,207/MT;
- SWP not offered;
- WMP index up 4.3%, average price US$3,615/MT.
In what was a relatively subdued affair compared to recent outings, whole milk powder (WMP) was the big mover on the day, seeing a 4.3% boost in index.
Cheddar and butter saw positive moves as well, recording index rises of 2.4% and 2% respectively.
Anhydrous milk fat (AMF), lactose and skim milk powder (SMP) had more modest gains in index, rising 1.1%, 0.4% and 0.3% respectively.
Butter milk powder (BMP) was not offered on the day, while sweet whey powder (SWP) was also, once again, unavailable.
All products offered at today’s event saw increases in index, with the positive start to 2021 continuing for the GDT index overall.