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.
- 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.
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%.