The Global Dairy Trade (GDT) index has hit five consecutive increases following the conclusion of the latest auction earlier today, Tuesday, November 19.

Today’s tender – Event 248 – concluded with the GDT Price Index up 1.7%, according to the trading platform.

Lasting two hours and 26 minutes, today’s auction saw 187 bidders participate across 17 rounds, with 134 winning bidders emerging.

A total of 37,968MT of product was sold on the day.

Rennet casein (RenCas) was the big winner on the day, with an increase of 5.6% recorded. Skim milk powder (SMP) also preformed strongly, marking a 3.3% increase, while cheddar and whole milk powder (WMP) saw index rises of 2.5% and 2.2% respectively.

On the flip side, anhydrous milk fat (AMF) saw an index drop of 1.5%, while butter also fell by 1.3% in index.

Butter milk powder (BMP) was not offered on the day, while sweet whey powder (SWP) was once again not available.

Today’s event follows on from a 3.7% surge last time out, with slighter rises observed prior to that in recent months.