The Global Dairy Trade (GDT) index has recorded a strong boost to make for back-to-back increases in the last two outings.
The most recent auction – event 273 – concluded today (Tuesday, December 1) with the GDT Price Index up 4.3%.
Lasting two hours and 21 minutes, today’s event saw 178 bidders participate across 16 bidding rounds, with 112 winning bidders recorded.
A total of 32,062MT of product was sold on the day.
- AMF index up 2.6%, average price US$4,278/MT;
- Butter index up 3.8%, average price US$3,986/MT;
- BMP index up 1.3%, average price US$2,731/MT;
- Ched index up 2.4%, average price US$3,734/MT;
- LAC index up 13.5%, average price US$1,004/MT;
- SMP index up 3.6%, average price US$2,889/MT;
- SWP index not available, average price not available;
- WMP index up 5.0%, average price US$3,182/MT.
All available product indices recorded increases on the day. The most dramatic movement in index on the day was that of Lactose (LAC), which saw a 13.5% rise. The whole milk powder (WMP) index was a distant second in this, recording a 5% boost on the day.
Butter, skim milk powder (SMP), anhydrous milk fat (AMF) and cheddar all performed strongly on the day too, recording index increases of 3.8%, 3.6%, 2.6% and 2.4%.
Finally, butter milk powder (BMP) saw a more moderate 1.3% rise in index. Sweet whey powder (SWP) was once again not available on the day.
Today’s auction is the second increase recorded following a solitary decrease recorded at the previous event.
This followed three increases on the trot, which in turn were following four consecutive decreases in recent months.