The Global Dairy Trade (GDT) index has recorded a strong second lift in index, marking back-to-back increases in its latest auction, following on from eight consecutive index falls.
The most recent tender – event 291 – concluded today (Tuesday, September 7) with the GDT Price Index up 4%.
Lasting two hours and 21 minutes, today’s event saw 187 participating bidders take part across 16 bidding rounds, with 114 winning bidders emerging.
A total of 25,093MT of product was sold on the day.
- AMF index up 3.1%, average price US$5,970/MT;
- Butter index up 3.7%, average price US$4,948/MT;
- BMP index up 3.0%, average price US$3,287/MT;
- Ched index up 3.6%, average price US$4,328/MT;
- LAC index up 6.4%, average price US$1,167/MT;
- SMP index up 7.3%, average price US$3,274/MT;
- SWP not offered;
- WMP index up 3.3%, average price US$3,691/MT.
In what was a strong performance across the board for all products offered on the day, skim milk powder (SMP) saw the largest increase in index, rising by 7.3%, with lactose just behind, lifting by 6.4%.
Butter and cheese also saw index increases of 3.7% and 3.6% respectively, with whole milk powder (WMP) and anhydrous milk fat (AMF) on the up as well, by 3.3% and 3.1% in index respectively.
Finally, butter milk powder (BMP) lifted by a round 3%.
Sweet whey powder (SWP) was once again not available.