The Global Dairy Trade (GDT) index has recorded a marginal drop to mark three consecutive decreases for the first time this year in its latest auction.
The most recent tender – event 284 – concluded today (Tuesday, May 18) with the GDT Price Index down 0.2%.
Lasting two hours and fifteen minutes, today’s event saw 169 participating bidders take part across 18 bidding rounds, with 109 winning bidders emerging.
A total of 21,140MT of product was sold on the day.
- AMF index down 0.1%, average price US$5,730/MT;
- Butter index down 2.2%, average price US$4,929/MT;
- BMP not offered;
- Ched index up 1.0%, average price US$4,321/MT;
- LAC index up 1.6%, average price US$1,251/MT;
- SMP index up 0.7%, average price US$3,447/MT;
- SWP index not available, average price not available;
- WMP index down 0.2%, average price US$4,123/MT.
In what was a fairly steady affair in general, butter saw the most dramatic move on the day, recording a 2.2% drop in index. This was followed by whole milk powder (WMP) down 0.2% and anhydrous milk fat (AMF) down 0.1% in index.
On the flip side, lactose was up 1.6% in index, with cheddar and skim milk powder (SMP) also recording index lifts of 1% and 0.7% respectively.
Butter milk powder (BMP) was not offered at this event, while sweet whey powder was once again unavailable.