The latest Global Dairy Trade (GDT) auction has seen the international index climb marginally for a third successive time.

Held earlier today, Tuesday, October 15, the GDT’s event 246 concluded with the GDT Price Index up 0.5%.

Lasting two hours and 12 minutes, today’s auction saw 199 bidders go head to head across 14 rounds with 142 winning bidders emerging.

A total of 38,712MT of product was sold on the day.

The big winner at today’s event was rennet casein (RenCas) which saw a 3.6% surge in index; skim milk powder (SMP) also did well, recording a 2.4% increase. Anhydrous milk fat (AMF) rose slightly by 0.8%.

On the flip side of things, cheddar dropped by 2.2% in index, while butter also dipped marginally by 0.4%

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

The latest tender marks a third consecutive rise for the GDT index, following on from three decreases on the trot previously.