The Global Dairy Trade (GDT) index has dropped once more in its latest product auction, held earlier today (Tuesday, August 21).

The most recent auction – Event 218 – concluded with the GDT Price Index down 3.6% overall.

Lasting three minutes short of the two-hour mark, 158 bidders participated across 13 rounds with 126 emerging victorious in their bids.

Some 32,041MT of product was sold on the day overall.

The most dramatic moves at the event saw the Butter index tumble, falling by 8.5%, Anhydrous Milk Fat drop 6.9%, while Cheddar also took a hefty 4.7% hit.

Rennet Casein was the only product on the day to experience a lift in index, increasing by 2.8%.

Butter Milk Powder was not offered at this event, while neither Lactose nor Sweet Whey Powder were available.

With the exception of a brief reprieve at the previous auction – where the overall index remained unchanged – recent events throughout June, July and now August have been negative for the international dairy index.