The Global Dairy Trade (GDT) has increased its rising trend to 10 consecutive increases following a marginal rise in the latest auction today, Tuesday, April 16.

Lasting two hours and eight minutes, today’s tender – event 234 – saw 155 bidders contest across 15 rounds, with 94 landing successful bids – with the end result seeing the overall price index rise by 0.5%.

A total of 16,166MT of product was sold at today’s event.

Among the big movers and shakers on the day, anhydrous milk fat (AMF) rose by 4.2% in index; butter also performed strongly, seeing a 3.5% index boost, with cheddar also seeing a slight increase of 1.4%.

On the flip side, lactose (LAC) fell by 3.4% in index, with rennet casein (RenCas) and whole milk powder (WMP) also experiencing drops of 2.4% and 0.7% respectively.

Butter milk powder (BMP) was not offered at today’s event, while once again an index sweet whey powder was not available.