The latest Global Dairy Trade (GDT) auction – and final event of 2018 – has seen the GDT index lift slightly for a second consecutive rise.

Today’s auction – event 226 – saw the index rise by 1.7% to end the year with a lift, following on from seven index drops on the bounce prior to December’s first auction two weeks ago.

Lasting two minutes over the two-hour mark, the event saw 184 bidders take part across 13 rounds with 143 winning bids.

A total of 36,181MT of product was sold on the day.

The most dramatic mover in index on the day was butter, which recorded a 4.9% increase in price.

This was followed by Anhydrous Milk Fat (AMF), which saw a 4% rise at the event.

Butter Milk Powder (BMP) was not offered at today’s event, while the Sweet Milk Powder (SWP) was once again not available.

Almost all products on offer at today’s event recorded increases, with Rennet Casein (RenCas) the only exception to this, dropping by 2.1%.