The latest Global Dairy Trade (GDT) auction – Event 228 – concluded with a rise in index for the fourth consecutive rise following on from a difficult few months.

Today’s event (Tuesday, January 15) concluded with the GDT Price Index up 4.2%, marking the highest increase recorded by the index since August last.

Lasting three minutes under the two-hour mark, today’s auction saw 191 participating bidders go toe-to-toe across 13 rounds with 123 winning individuals emerging.

A total of 27,909MT of product was sold on the day.

Skimmed milk powder (SMP) saw the highest increase on the day, recording a 10.3% boost in index; meanwhile, lactose (LAC) also performed strongly, notching up a 7.9% rise.

Rennet Casein (RenCas) was the only product on offer today to witness a dip in index, recording a 1.4% drop.

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