The Global Dairy Trade (GDT) index has taken yet another slight hit in the most recent auction – Event 220 – which concluded with the GDT Price Index down 1.3%.

Lasting two hours and 14 minutes across 15 bidding rounds, 179 bidders participated on the day.

A total of 149 of these emerged with winning bids, while an overall figure of 39,143MT of product was sold on the day.

The average price achieved was $2,934/MT.

This follows on from the previous auction which recorded the lowest index since October 2016.

Cheddar saw the most dramatic move on the day, seeing a 3.5% reduction in index. Meanwhile, whole milk powder (WMP) witnessed a 1.8% drop.

On the other hand, Rennet Casein (RenCAS) jumped by 1.7%, in what was the only product index increase on the day.

Butter was not offered at today’s event, while the sweet milk powder (SWP) index was once again not available.