The Global Dairy Trade (GDT) index has taken a tumble in the third auction of 2020, which is its first decrease this year.

Today’s tender – event 253 – concluded with the GDT Price Index down 4.7%, according to the trading platform.

Lasting one hour and 49 minutes, today’s event saw 185 bidders participate across 12 rounds, with 138 winning bidders emerging.

A total of 29,006MT of product was sold on the day.

Interestingly, some of the more dramatic moves at today’s event were actually increases, with both cheddar and rennet casein (RenCas) recording index boosts of 6%.

However, the biggest change on the day was to the whole milk powder (WMP), which tumbled by 6.2%.

In addition, butter milk powder (BMP) fell by 5.2%, anhydrous milk fat (AMF) slipped by 4.5% and skim milk powder (SMP) decreased by 4.2%.

Lactose (LAC) rose by 2.5% while the butter index also saw a marginal increase of 0.2% in what was a mixed day for trading among products.

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