Written by Agriland Team
The Global Dairy Trade (GDT) index has posted a marginal increase in index in its latest auction.
The most recent tender – event 281 – concluded today (Tuesday, April 6) with the GDT Price Index up 0.3%.
Lasting two hours and 15 minutes, today’s event saw 169 participating bidders go head to head across 15 bidding rounds, with 99 winning bidders emerging.
A total of 25,104MT of product was sold on the day.
Key results:
- AMF index up 0.8%, average price US$6,209/MT;
- Butter index up 2.0%, average price US$5,776/MT;
- BMP index up 17.6%, average price US$3,710/MT;
- Ched index up 2.2%, average price US$4,393/MT;
- LAC index down 6.5%, average price US$1,307/MT;
- SMP index up 0.6%, average price US$3,367/MT;
- SWP index not available, average price not available;
- WMP index unchanged, average price US$4,085/MT.
The butter milk powder (BMP) index had by far the most dramatic move on the day, surging up by 17.6% in index.
Lactose on the other hand saw a dip of 6.5% in index.
Other indexes held relatively stable, recording slight increases, with cheddar, butter, anhydrous milk fat (AMF) and skim milk powder (SMP) all registering rises of 2.2%, 2%, 0.8% and 0.6% respectively.
Whole milk powder meanwhile remained unchanged, while sweet whey powder (SWP) was once again not available on the day.
Today’s result means a return (albeit small) to index increases for the GDT in 2021, marking six rises out of seven auctions so far this year, following on from a drop of 3.8% last time out.
The latest index figure of 1,299 is, with the exception of early last month, the highest the figure has been since March 2014.
The post GDT index records slight increase in latest auction appeared first on Agriland.co.uk.
Continue reading on the Agriland Website...
