The latest Global Dairy Trade (GDT) auction has seen the international index jump after a fourth successive increase.

The auction was held earlier today, Tuesday, November 5, the GDT’s event 247 concluded with the GDT Price Index up 3.7%.

Lasting two hours and 37 minutes, today’s auction saw 199 participating bidders go head to head across 17 rounds with 139 winning bidders emerging.

A total of 38,681MT of product was sold today.

The big winner at today’s event was skim milk powder (SMP) which saw a 6.7% surge in index; butter milk powder (BMP) also did well, recording a 5.4% increase. Anhydrous milk fat (AMF) rose also by 2.6%.

On the flip side of things, cheddar dropped by 0.6% in index, while lactose also dipped by 1.9%.

Sweet whey powder (SWP) was not offered at today’s auction.

The latest tender marks a fourth consecutive rise for the GDT index, following on from three decreases on the trot previously.