The Global Dairy Trade (GDT) has decreased for the third consecutive auction following its latest tender today, Tuesday, March 3.

Today’s auction – Event 255 – concluded with the GDT Price Index down 1.2%, according to the trading platform.

Lasting two hours and 15 minutes, today’s event saw 184 bidders participate across 17 rounds with 136 winning bidders emerging.

A total of 25,576MT of product was sold on the day.

Both butter milk powder (BMP) and cheddar saw sizeable reductions in index today, falling by 4.8% and 4.7% respectively.

Skim milk powder (SMP) also saw a 3.2% slide in index today. Meanwhile, anhydrous milk fat (AMF) dropped by 1.7%, with whole milk powder (WMP) back marginally by 0.5%.

However, on the flip-side, the most dramatic move in index on the day was for lactose – which increased by 5.7%.

Butter also improved by 1% in index, while rennet casein (RenCas) increased by 0.5%.

Once again, sweet whey powder (SWP) was not available, according to the platform.