The Global Dairy Trade (GDT) index has posted a marginal index decrease in its most recent auction.

The most recent tender – event 282 – concluded today (Tuesday, April 20) with the GDT Price Index down 0.1%.

Lasting two hours and one minute, today’s event saw 157 participating bidders take part across 14 bidding rounds, with 100 winning bidders emerging.

A total of 25,040MT of product was sold on the day.

Key results:

  • AMF index down 3.3%, average price US$6,003/MT;
  • Butter index down 0.6%, average price US$5,736/MT;
  • BMP not offered;
  • Ched index up 1.2%, average price US$4,436/MT;
  • LAC index down 3.4%, average price US$1,260/MT;
  • SMP index unchanged, average price US$3,365/MT;
  • SWP index not available, average price not available;
  • WMP index up 0.4%, average price US$4,097/MT.

In what was a steady affair overall, the most dramatic move on the day was for lactose, which saw its index fall by 3.4%; this was followed by a drop in index for anhydrous milk fat (AMF) of 3.3%. Butter too, slipped back by -0.6% in index.

On the flip side, cheddar saw a modest 1.2% gain in index, while whole milk powder (WMP) increased slightly by 0.4%. Skim milk powder (SMP) meanwhile, remained the same.

Source: Global Dairy Trade

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

Today’s result reflects a relatively steady outing in dairy commodities, following on from last month’s slight increase of 0.3%.

The latest index figure of 1,298 is back a single digit on the last outing of 1,299.

Source: Global Dairy Trade