The Global Dairy Trade (GDT) index has posted an increase in the third auction of 2021 to mark six increases on the bounce in recent outings.

The most recent tender – event 277 – concluded today (Tuesday, February 2) with the GDT Price Index up 1.8%.

Lasting two hours and 17 minutes, today’s event saw 181 bidders participate; after 17 bidding rounds, some 103 winning bidders emerged.

A total of 28,707MT of product was sold on the day.

Butter milk powder (BMP) was the big winner at today’s event, recording a 10.7% rise in index. Butter, lactose (LAC), cheddar and whole milk powder (WMP) also performed strongly, recording index increases of 6.2%, 3.8%, 2.3% and 2.3% respectively.

Anhydrous milk fat (AMF) recorded a more modest lift of 1.3% while the only index decrease on the day was that of skim milk powder (SMP) which saw a slight drop of 1.5%.

Once again sweet whey powder (SWP) was not available at today’s auction.