Improved latest index halts recent GDT slump

The latest Global Dairy Trade (GDT) auction has brought to a halt a recent slump, with the news of a slight increase in index today, Tuesday, July 16.

Today’s tender – Event 240 – concluded with the GDT Price Index up 2.7%.

Lasting two hours and three minutes, today’s auction saw 174 bidders compete across 13 rounds with 116 landing winning bids.

A total of 25,000MT of product was sold on the day.

Key results:
  • AMF index up 1.7%, average price US$5,523/MT;
  • Butter index up 1.7%, average price US$4,406/MT;
  • BMP not offered;
  • Ched index up 3.3%, average price US$3,869/MT;
  • LAC index not available, average price not available;
  • RenCas index down 3.4%, average price US$7,044/MT;
  • SMP index up 3.8%, average price US$2,505/MT;
  • SWP index not available, average price not available;
  • WMP index up 3.6%, average price US$3,074/MT.

Skimmed milk powder (SMP) and whole milk powder (WMP) saw the largest increases in index on the day, recording rises of 3.8% and 3.6% respectively.

Cheddar also performed strongly, noting a 3.3% increase, while anhydrous milk fat (AMF) and butter saw an index boost of 1.7% each.

On the flip side, rennet casein (RenCas) fell by 3.4% on the day.

Source: Global Dairy Trade

Butter milk powder (BMP) was not offered today, while neither lactose nor sweet whey powder (SWP) indexes were available.

Today’s overall index rise brings to an end a total of four consecutive index falls; this was preceded by a run of 11 increases on the trot.