The Global Dairy Trade (GDT) index has made it 11 consecutive rises on the trot following a slight increase in its latest auction today, Tuesday, May 7.

Lasting two hours and five minutes, today’s auction – event 235 – concluded with the GDT Price Index up 0.4%.

The latest tender saw 179 participating bidders go toe-to-toe across 14 rounds with 105 landing successful bids.

A total of 15,375MT of product was sold at today’s event.

The most dramatic mover at today’s auction was butter milk powder (BMP) which fell 10.3%; lactose also fell some 2.7% while cheddar too was in the red, dropping by 2.4%.

On the flip side, rennet casein (RenCas) recorded an increase in index of 3.1%, while skim milk powder (SMP) received a 2.8% boost. Anhydrous Milk Fat (AMF) also rose by 1.4% in index.

Butter held steady, while once again there was no index available for sweet whey powder (SWP).