The Global Dairy Trade (GDT) index has posted a strong increase in the first auction of 2021 to mark four increases on the trot in recent outings.

The most recent tender – event 275 – concluded today (Tuesday, January 5) with the GDT Price Index up 3.9%.

Lasting two hours and 38 minutes, today’s auction saw 178 bidders participate across 19 rounds, with 110 winning bidders emerging.

A total of 30,313MT of product was sold on the day.

Once again, today’s event saw increases across the board of products offered, with lactose (LAC) and butter performing particularly strongly with index rises of 7.4% and 7.2% respectively.

Butter milk powder (BMP) also did well, with an index boost of 6.9%, while increases were also recorded for anhydrous milk fat (AMF), cheddar, skim milk powder (SMP) and whole milk powder (WMP) – notching up index rises of 5.5%, 5%, 4.1% and 3.1% respectively.

Once again, sweet whey powder (SWP) was not offered at today’s event.

This latest auction marks seven overall GDT index increases across the last eight events.