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.
- AMF index down 1.7%, average price US$4,302/MT;
- Butter index up 1.0%, average price US$4,131/MT;
- BMP index down 4.8%, average price US$2,718/MT;
- Ched index down 4.7%, average price US$4,285/MT;
- LAC index up 5.7%, average price US$871/MT;
- RenCas index up 0.5%, average price US$9,891/MT;
- SMP index down 3.2%, average price US$2,747/MT;
- WP index not available, average price not available; and
- WMP index down 0.5%, average price US$2,952/MT.
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%.
Source: Global Dairy Trade
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.