The latest Global Dairy Trade (GDT) auction has concluded with a slight decrease to the index, marking the first dip in five outings.

The most recent tender – event 264 – concluded this afternoon, Tuesday, July 21, with the GDT Price Index down 0.7%.

Lasting two hours and 22 minutes, today’s event saw 162 participating bidders go head-to-head across 15 rounds with 119 emerging as winning bidders.

A total of 23,995MT of product was sold on the day.

Key results:
  • AMF index down 2.8%, average price US$3,870/MT;
  • Butter index down 4.9%, average price US$3,533/MT;
  • BMP not offered;
  • Ched index up 0.6%, average price US$3,803/MT;
  • LAC index down 2.5%, average price US$1,279/MT;
  • SMP index down 0.5%, average price US$2,680/MT;
  • SWP index not available, average price not available;
  • WMP index up 0.6%, average price US$3,218/MT.

Butter saw the most dramatic move in index on the day, dropping by 4.9% in index.

Anhydrous milk fat (AMF) and lactose (LAC) also saw decreases of 2.8% and 2.5% respectively at today’s event.

On the flip side, both cheddar (Ched) and whole milk powder (WMP) recorded marginal increases at the tender.

Finally, skim milk powder (SMP) took a slight dip, dropping by 0.5% on the day.

Source: Global Dairy Trade

Butter milk powder (BMP) was not offered at today’s auction, while once again sweet whey powder (SWP) was also not available.

Today’s dip in overall index comes following a very strong showing last time out, with the earlier July auction recording an 8.3% surge in index, which capped off four index rises on the trot, with today’s result halting this trend.