The Global Dairy Trade (GDT) has fallen in its latest dairy auction earlier today, Tuesday, June 4, in what was the largest index change in eight tenders.
Today’s auction – Event 237 – concluded with the GDT Price Index down 3.4%.
Lasting six minutes short of the two-hour mark, today’s event saw 148 participating bidders battle across 13 rounds with 107 winning bidders emerging when the dust had settled.
A total of 19,874MT of product was sold on the day.
- AMF index down 5.7%, average price US$5,752/MT;
- Butter index down 10.3%, average price US$4,805/MT;
- BMP index down 10.1%, average price US$2,807/MT;
- Ched index down 14.0%, average price US$3,950/MT;
- LAC index up 0.4%, average price US$897/MT;
- RenCas index up 4.2%, average price US$7,201/MT;
- SMP index down 4.0%, average price US$2,436/MT;
- SWP index not available, average price not available;
- WMP index down 1.5%, average price US$3,138/MT.
Cheddar, butter and butter milk powder (BMP) were the big losers on the day, with index drops of 14%, 10.3% and 10.1%, respectively.
Anhydrous milk fat (AMF), skimmed milk powder (SMP) and whole milk powder (WMP) also saw index prices drop, with reductions of 5.7%, 4% and 1.5%, respectively.
The only increases at today’s event saw rennet casein increase by 4.2%, while lactose (LAC) also rose a modest 0.4%.
Once again an index for sweet whey powder (SWP) was not available at the latest event.
Today’s event saw a 3.4% move in index; the most dramatic move since February 6, when the index witnessed a 6.7% rise.